GigInternational1, Inc. (NASDAQ:GIW – Get Free Report) was down 0.1% on Friday . The company traded as low as $10.09 and last traded at $10.09. 11,741 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 63,077 shares. The stock had previously closed at $10.10.
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded GigInternational1 from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday, May 18th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.
Check Out Our Latest Analysis on GIW
GigInternational1 Stock Performance
GigInternational1 (NASDAQ:GIW – Get Free Report) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.05 earnings per share for the quarter.
Institutional Investors Weigh In On GigInternational1
Institutional investors have recently made changes to their positions in the company. Quarry LP acquired a new stake in shares of GigInternational1 during the 4th quarter valued at approximately $47,000. Geode Capital Management LLC acquired a new stake in shares of GigInternational1 during the fourth quarter worth $193,000. Lineage Point Capital LP acquired a new stake in shares of GigInternational1 during the fourth quarter worth $346,000. Stoic Point Capital Management LLC bought a new position in shares of GigInternational1 in the 4th quarter worth about $391,000. Finally, ABC Arbitrage SA bought a new position in shares of GigInternational1 in the 4th quarter worth about $396,000. 14.01% of the stock is currently owned by institutional investors.
About GigInternational1
GigInternational1, Inc, does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to focus its search on companies in the technology, media, telecommunications, aerospace and defense, and mobility and semiconductor industries. The company was incorporated in 2021 and is based in Palo Alto, California.
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