Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) Announces Earnings Results

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) announced its quarterly earnings data on Tuesday. The company reported $0.02 earnings per share for the quarter, FiscalAI reports.

Columbus Acquisition Corp/Cayman Islands Stock Down 0.2%

COLA traded down $0.02 during trading on Tuesday, reaching $10.68. The stock had a trading volume of 316 shares, compared to its average volume of 34,633. The firm’s 50-day moving average is $10.68. Columbus Acquisition Corp/Cayman Islands has a one year low of $10.16 and a one year high of $11.15.

Hedge Funds Weigh In On Columbus Acquisition Corp/Cayman Islands

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Clear Street Group Inc. lifted its position in Columbus Acquisition Corp/Cayman Islands by 1,173.3% in the 4th quarter. Clear Street Group Inc. now owns 77,967 shares of the company’s stock valued at $810,000 after acquiring an additional 71,844 shares in the last quarter. L1 Global Manager Pty Ltd bought a new position in shares of Columbus Acquisition Corp/Cayman Islands in the 4th quarter worth approximately $1,039,000. Rivernorth Capital Management LLC boosted its stake in shares of Columbus Acquisition Corp/Cayman Islands by 51.8% during the 4th quarter. Rivernorth Capital Management LLC now owns 299,756 shares of the company’s stock worth $3,114,000 after acquiring an additional 102,256 shares during the last quarter. Meteora Capital LLC bought a new position in shares of Columbus Acquisition Corp/Cayman Islands in the fourth quarter worth about $4,632,000. Finally, Harraden Circle Investments LLC bought a new stake in Columbus Acquisition Corp/Cayman Islands during the 4th quarter worth approximately $5,794,000.

Analysts Set New Price Targets

COLA has been the subject of a number of recent research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Columbus Acquisition Corp/Cayman Islands in a report on Monday, June 29th. Wall Street Zen raised Columbus Acquisition Corp/Cayman Islands to a “hold” rating in a research report on Saturday, July 18th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Columbus Acquisition Corp/Cayman Islands Company Profile

Columbus Acquisition Corp/Cayman Islands (NASDAQ: COLA) is a Cayman Islands–incorporated special purpose acquisition company (SPAC) listed on the Nasdaq stock exchange. As a blank-check company, its stated principal business purpose is to raise capital through an initial public offering and to seek one or more business combinations, acquisitions, mergers, or similar transactions that would result in a change of business, operations or management for the combined company.

The company does not operate an ongoing commercial business or produce products or services in the way an operating company does.