IG Acquisition (NASDAQ:IGAC) Announces Quarterly Earnings Results

IG Acquisition (NASDAQ:IGAC) issued its quarterly earnings data on Friday. The company reported $0.06 earnings per share (EPS) for the quarter, FiscalAI reports.

IG Acquisition Stock Performance

IGAC stock opened at $10.00 on Friday. IG Acquisition has a 52 week low of $9.82 and a 52 week high of $9.99. The company’s 50-day simple moving average is $9.94 and its 200 day simple moving average is $9.98.

Institutional Trading of IG Acquisition

Institutional investors have recently bought and sold shares of the business. TrueMark Investments LLC bought a new position in shares of IG Acquisition during the first quarter worth approximately $142,000. Meteora Capital LLC bought a new stake in shares of IG Acquisition in the fourth quarter valued at approximately $300,000. ABC Arbitrage SA acquired a new stake in IG Acquisition during the first quarter worth approximately $396,000. Virtu Financial LLC acquired a new stake in IG Acquisition during the fourth quarter worth approximately $402,000. Finally, Governors Lane LP bought a new position in IG Acquisition during the 4th quarter worth $492,000. Institutional investors own 38.82% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings started coverage on IG Acquisition in a research note on Wednesday, April 8th. They set a “sell (e-)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

IG Acquisition Company Profile

IG Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.