Charlton Aria Acquisition (NASDAQ:CHAR) Releases Quarterly Earnings Results

Charlton Aria Acquisition (NASDAQ:CHAR) issued its quarterly earnings results on Thursday. The company reported $0.01 earnings per share (EPS) for the quarter, FiscalAI reports.

Charlton Aria Acquisition Stock Up 0.2%

NASDAQ:CHAR traded up $0.02 during trading hours on Friday, hitting $10.99. The stock had a trading volume of 700 shares, compared to its average volume of 25,871. The company has a 50 day simple moving average of $10.98 and a two-hundred day simple moving average of $10.78. Charlton Aria Acquisition has a one year low of $10.39 and a one year high of $11.48.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Robinson Capital Management LLC increased its stake in Charlton Aria Acquisition by 105.4% in the 2nd quarter. Robinson Capital Management LLC now owns 29,716 shares of the company’s stock worth $321,000 after acquiring an additional 15,250 shares during the last quarter. SkyView Investment Advisors LLC bought a new stake in shares of Charlton Aria Acquisition during the 2nd quarter valued at about $324,000. Sona Asset Management US LLC bought a new stake in shares of Charlton Aria Acquisition during the 1st quarter valued at about $1,058,000. StoneX Group Inc. purchased a new position in shares of Charlton Aria Acquisition during the third quarter worth about $1,778,000. Finally, First Trust Capital Management L.P. bought a new position in shares of Charlton Aria Acquisition in the third quarter worth approximately $9,091,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Charlton Aria Acquisition in a research report on Monday, October 19th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Charlton Aria Acquisition Corp. is a special purpose acquisition company, or SPAC. It was formed to pursue a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more existing businesses.

The company does not have an established operating business or its own portfolio of products and services. Its role is to identify a business-combination partner and, if a transaction is completed, help that business enter the public markets.

Charlton Aria has described a focus on opportunities in the technology, media and telecommunications sectors, particularly in Asia.