Maywood Acquisition (NASDAQ:IPEX) Coverage Initiated by Analysts at Benchmark

Analysts at Benchmark began coverage on shares of Maywood Acquisition (NASDAQ:IPEX) in a report issued on Tuesday,Benzinga reports. The firm set a “buy” rating and a $14.00 price target on the stock. Benchmark’s price target points to a potential upside of 32.83% from the company’s previous close.

Separately, Weiss Ratings upgraded Maywood Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, May 22nd. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Maywood Acquisition presently has a consensus rating of “Hold” and an average target price of $14.00.

Maywood Acquisition Price Performance

Shares of IPEX stock opened at $10.54 on Tuesday. The company has a fifty day moving average price of $10.51. Maywood Acquisition has a one year low of $10.08 and a one year high of $10.56.

Maywood Acquisition (NASDAQ:IPEX) last released its quarterly earnings data on Friday, May 15th. The company reported $0.02 earnings per share for the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC acquired a new stake in Maywood Acquisition during the fourth quarter worth approximately $519,000. Meteora Capital LLC bought a new stake in Maywood Acquisition in the 4th quarter valued at $1,140,000. Radcliffe Capital Management L.P. acquired a new position in Maywood Acquisition in the 4th quarter valued at $1,152,000. Finally, Magnetar Financial LLC acquired a new stake in shares of Maywood Acquisition during the fourth quarter worth $2,565,000.

Maywood Acquisition Company Profile

We are a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities, which we refer to throughout this prospectus as our initial business combination. We have not selected any target business and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any target business regarding an initial business combination with our company.