SIM Acquisition Corp. I (NASDAQ:SIMA) Issues Quarterly Earnings Results

SIM Acquisition Corp. I (NASDAQ:SIMA) announced its quarterly earnings data on Thursday. The company reported $0.07 earnings per share for the quarter, FiscalAI reports.

SIM Acquisition Corp. I Stock Up 0.1%

NASDAQ:SIMA traded up $0.02 during trading hours on Friday, hitting $10.60. The company had a trading volume of 22,928 shares, compared to its average volume of 6,215. SIM Acquisition Corp. I has a 1 year low of $9.99 and a 1 year high of $10.64. The company has a 50-day moving average of $10.53 and a 200 day moving average of $10.45.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of SIM Acquisition Corp. I in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, SIM Acquisition Corp. I currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On SIM Acquisition Corp. I

Hedge funds have recently modified their holdings of the company. Longfellow Investment Management Co. LLC acquired a new stake in SIM Acquisition Corp. I during the third quarter worth about $80,000. BCK Capital Management LP purchased a new stake in shares of SIM Acquisition Corp. I in the 2nd quarter valued at approximately $521,000. Shaolin Capital Management LLC acquired a new stake in shares of SIM Acquisition Corp. I during the 2nd quarter worth approximately $1,042,000. Mizuho Securities USA LLC raised its position in shares of SIM Acquisition Corp. I by 399.6% during the 1st quarter. Mizuho Securities USA LLC now owns 120,000 shares of the company’s stock valued at $1,214,000 after buying an additional 95,983 shares during the period. Finally, Sculptor Capital LP acquired a new position in SIM Acquisition Corp. I in the second quarter valued at approximately $1,826,000.

About SIM Acquisition Corp. I

SIM Acquisition Corp. I is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company primary focus on the healthcare industry. SIM Acquisition Corp.