Gesher Acquisition Corp. II (NASDAQ:GSHR) Releases Quarterly Earnings Results

Gesher Acquisition Corp. II (NASDAQ:GSHR) announced its earnings results on Thursday. The company reported $0.05 earnings per share for the quarter, FiscalAI reports.

Gesher Acquisition Corp. II Stock Performance

Shares of NASDAQ GSHR traded up $0.01 during trading hours on Friday, reaching $10.52. The stock had a trading volume of 1,241,583 shares, compared to its average volume of 62,556. The company has a fifty day moving average price of $10.46. Gesher Acquisition Corp. II has a 52-week low of $9.51 and a 52-week high of $11.20.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Gesher Acquisition Corp. II in a report on Friday, June 26th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Institutional Investors Weigh In On Gesher Acquisition Corp. II

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Gesher Acquisition Corp. II in the fourth quarter valued at approximately $4,107,000. Sona Asset Management US LLC acquired a new position in shares of Gesher Acquisition Corp. II during the 1st quarter worth approximately $1,810,000. Radcliffe Capital Management L.P. raised its holdings in Gesher Acquisition Corp. II by 34.6% in the fourth quarter. Radcliffe Capital Management L.P. now owns 227,045 shares of the company’s stock worth $2,331,000 after purchasing an additional 58,339 shares during the period. Meteora Capital LLC acquired a new stake in Gesher Acquisition Corp. II during the 4th quarter worth approximately $437,000. Finally, Glazer Capital LLC increased its position in shares of Gesher Acquisition Corp. II by 12.2% during the 4th quarter. Glazer Capital LLC now owns 224,254 shares of the company’s stock worth $2,302,000 after purchasing an additional 24,299 shares during the last quarter.

About Gesher Acquisition Corp. II

Gesher Acquisition Corp. II (NASDAQ: GSHR) is a special purpose acquisition company (SPAC) listed on the Nasdaq Stock Market. As a blank‑check vehicle, the company’s principal business activity is to identify, negotiate and complete a business combination with one or more operating businesses. Like other SPACs, it was created to use public capital markets as a mechanism to bring a private target company public via a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination.

Gesher Acquisition Corp.