Quetta Acquisition (NASDAQ:QETA) Shares Up 0.3% – Time to Buy?

Quetta Acquisition Corporation (NASDAQ:QETA) shares shot up 0.3% on Thursday . The stock traded as high as $11.45 and last traded at $11.32. 9,940 shares traded hands during trading, an increase of 1,437% from the average session volume of 647 shares. The stock had previously closed at $11.29.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Quetta Acquisition in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Quetta Acquisition presently has a consensus rating of “Sell”.

Quetta Acquisition Trading Up 0.3%

The stock has a fifty day moving average price of $11.11 and a two-hundred day moving average price of $10.89.

Institutional Trading of Quetta Acquisition

A number of hedge funds and other institutional investors have recently made changes to their positions in QETA. Wolverine Asset Management LLC lifted its stake in shares of Quetta Acquisition by 2.5% in the 2nd quarter. Wolverine Asset Management LLC now owns 157,458 shares of the company’s stock worth $1,710,000 after acquiring an additional 3,769 shares during the period. Crossingbridge Advisors LLC acquired a new position in shares of Quetta Acquisition during the first quarter valued at approximately $898,000. Mizuho Securities USA LLC acquired a new position in shares of Quetta Acquisition during the first quarter valued at approximately $867,000. Finally, Clear Street LLC increased its stake in shares of Quetta Acquisition by 185.1% during the second quarter. Clear Street LLC now owns 17,577 shares of the company’s stock valued at $191,000 after acquiring an additional 11,411 shares during the period. 84.33% of the stock is currently owned by institutional investors.

About Quetta Acquisition

Quetta Acquisition Corporation focuses on effecting a merger, capital stock exchange, share purchase, asset acquisition, recapitalization, reorganization, or related business combination with one or more businesses. It intends to focus on financial technology sector in Asia. The company was incorporated in 2023 and is based in New York, New York.