Alpha Capital Acquisition (NASDAQ:ASPC) Posts Earnings Results

Alpha Capital Acquisition (NASDAQ:ASPC) released its quarterly earnings data on Thursday. The company reported $0.06 earnings per share for the quarter, FiscalAI reports.

Alpha Capital Acquisition Price Performance

Shares of NASDAQ:ASPC traded down $0.05 during mid-day trading on Thursday, reaching $10.45. The stock had a trading volume of 15,627 shares, compared to its average volume of 32,704. The business’s 50 day moving average price is $10.81 and its 200 day moving average price is $11.28. Alpha Capital Acquisition has a 1 year low of $10.30 and a 1 year high of $63.98.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of Alpha Capital Acquisition from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, October 26th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, Alpha Capital Acquisition currently has an average rating of “Sell”.

About Alpha Capital Acquisition

Alpha Capital Acquisition Corp. was a special purpose acquisition company (SPAC) formed to identify and combine with an operating business. Rather than selling products or services of its own, the company raised capital through an initial public offering and placed those funds in trust while searching for a merger, acquisition or similar business combination.

The company focused its search on technology-oriented businesses, including companies operating in sectors such as software, financial technology, media, telecommunications and related industries.