Maywood Acquisition (NASDAQ:IPEX) Posts Earnings Results

Maywood Acquisition (NASDAQ:IPEX) released its quarterly earnings data on Friday. The company reported $0.02 earnings per share for the quarter, FiscalAI reports.

Maywood Acquisition Stock Down 0.1%

Shares of IPEX traded down $0.01 during trading hours on Friday, hitting $10.45. The company’s stock had a trading volume of 51,955 shares, compared to its average volume of 13,208. The company has a 50 day moving average price of $10.41. Maywood Acquisition has a 52-week low of $10.01 and a 52-week high of $10.47.

Hedge Funds Weigh In On Maywood Acquisition

A number of large investors have recently modified their holdings of IPEX. Virtu Financial LLC bought a new stake in Maywood Acquisition during the fourth quarter valued at approximately $519,000. Meteora Capital LLC bought a new stake in Maywood Acquisition during the fourth quarter valued at approximately $1,140,000. Radcliffe Capital Management L.P. bought a new stake in Maywood Acquisition during the fourth quarter valued at approximately $1,152,000. Finally, Magnetar Financial LLC bought a new stake in Maywood Acquisition during the fourth quarter valued at approximately $2,565,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Maywood Acquisition in a report on Friday, May 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

About Maywood Acquisition

We are a blank check company incorporated as a Cayman Islands exempted company and 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 or entities, which we refer to throughout this prospectus as our initial business combination. We have not selected any target business and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any target business regarding an initial business combination with our company.