Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) Stock Rating Lowered by Wall Street Zen

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Columbus Acquisition Corp/Cayman Islands in a research note on Monday, June 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Columbus Acquisition Corp/Cayman Islands Stock Down 0.1%

Shares of NASDAQ:COLA opened at $10.69 on Friday. The firm has a fifty day simple moving average of $10.67. Columbus Acquisition Corp/Cayman Islands has a 52 week low of $10.16 and a 52 week high of $11.15.

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) last released its earnings results on Tuesday, August 4th. The company reported $0.02 earnings per share for the quarter.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. HRT Financial LP purchased a new stake in Columbus Acquisition Corp/Cayman Islands during the fourth quarter valued at about $172,000. Clear Street Group Inc. raised its holdings in shares of Columbus Acquisition Corp/Cayman Islands by 1,173.3% in the 4th quarter. Clear Street Group Inc. now owns 77,967 shares of the company’s stock worth $810,000 after purchasing an additional 71,844 shares during the period. L1 Global Manager Pty Ltd purchased a new position in shares of Columbus Acquisition Corp/Cayman Islands in the 4th quarter worth about $1,039,000. Rivernorth Capital Management LLC lifted its stake in shares of Columbus Acquisition Corp/Cayman Islands by 51.8% in the 4th quarter. Rivernorth Capital Management LLC now owns 299,756 shares of the company’s stock valued at $3,114,000 after purchasing an additional 102,256 shares in the last quarter. Finally, Meteora Capital LLC acquired a new position in shares of Columbus Acquisition Corp/Cayman Islands in the 4th quarter valued at about $4,632,000.

About Columbus Acquisition Corp/Cayman Islands

Columbus Acquisition Corp/Cayman Islands (NASDAQ: COLA) is a Cayman Islands–incorporated special purpose acquisition company (SPAC) listed on the Nasdaq stock exchange. As a blank-check company, its stated principal business purpose is to raise capital through an initial public offering and to seek one or more business combinations, acquisitions, mergers, or similar transactions that would result in a change of business, operations or management for the combined company.

The company does not operate an ongoing commercial business or produce products or services in the way an operating company does.