Quetta Acquisition (NASDAQ:QETA) Announces Earnings Results

Quetta Acquisition (NASDAQ:QETA) posted its quarterly earnings results on Friday. The company reported $0.00 EPS for the quarter, FiscalAI reports.

Quetta Acquisition Trading Up 3.8%

Shares of QETA stock traded up $0.44 during trading hours on Friday, hitting $11.94. The stock had a trading volume of 3,522 shares, compared to its average volume of 90. The stock’s 50-day moving average price is $11.49 and its two-hundred day moving average price is $11.42. Quetta Acquisition has a one year low of $10.70 and a one year high of $13.07.

Institutional Investors Weigh In On Quetta Acquisition

A hedge fund recently bought a new stake in Quetta Acquisition stock. Clear Street Group Inc. acquired a new position in shares of Quetta Acquisition Corporation (NASDAQ:QETA) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 17,577 shares of the company’s stock, valued at approximately $197,000. Clear Street Group Inc. owned about 0.47% of Quetta Acquisition at the end of the most recent reporting period. Institutional investors own 84.33% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Quetta Acquisition in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

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.