Range Capital Acquisition Corp II (NASDAQ:RNGT) Shares Up 0.1% – Still a Buy?

Shares of Range Capital Acquisition Corp II (NASDAQ:RNGT) shot up 0.1% on Friday . The stock traded as high as $10.14 and last traded at $10.14. 755 shares changed hands during mid-day trading, a decline of 18% from the average daily volume of 920 shares. The stock had previously closed at $10.13.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Range Capital Acquisition Corp II from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Range Capital Acquisition Corp II Trading Up 0.1%

The stock has a 50-day simple moving average of $10.12.

Range Capital Acquisition Corp II (NASDAQ:RNGT) last posted its earnings results on Thursday, August 13th. The company reported $0.06 earnings per share for the quarter.

Hedge Funds Weigh In On Range Capital Acquisition Corp II

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sona Asset Management US LLC acquired a new stake in shares of Range Capital Acquisition Corp II in the first quarter worth $1,096,000. Rivernorth Capital Management LLC bought a new stake in shares of Range Capital Acquisition Corp II during the 1st quarter worth $3,995,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Range Capital Acquisition Corp II in the 1st quarter valued at $3,000,000. Lineage Point Capital LP grew its stake in Range Capital Acquisition Corp II by 200.0% in the 2nd quarter. Lineage Point Capital LP now owns 735,000 shares of the company’s stock valued at $250,000 after buying an additional 490,000 shares during the last quarter. Finally, Harraden Circle Investments LLC raised its holdings in Range Capital Acquisition Corp II by 40.2% in the 2nd quarter. Harraden Circle Investments LLC now owns 525,177 shares of the company’s stock worth $179,000 after acquiring an additional 150,651 shares during the period.

Range Capital Acquisition Corp II Company Profile

Range Capital Acquisition Corp II is a blank check company.