Apex Technology Acquisition (NASDAQ:APXT) Issues Earnings Results

Apex Technology Acquisition (NASDAQ:APXT) released its quarterly earnings results on Tuesday. The company reported $0.03 earnings per share for the quarter, FiscalAI reports.

Apex Technology Acquisition Price Performance

Apex Technology Acquisition stock opened at $10.12 on Wednesday. Apex Technology Acquisition has a twelve month low of $9.87 and a twelve month high of $10.19. The firm has a fifty day simple moving average of $10.08 and a two-hundred day simple moving average of $10.01.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on APXT. Weiss Ratings started coverage on Apex Technology Acquisition in a report on Tuesday, May 26th. They set a “sell (e+)” rating on the stock. Wall Street Zen raised Apex Technology Acquisition to a “hold” rating in a research note on Saturday, June 20th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Trading of Apex Technology Acquisition

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Meteora Capital LLC purchased a new position in shares of Apex Technology Acquisition in the fourth quarter worth $27,093,000. Adage Capital Partners GP L.L.C. purchased a new stake in Apex Technology Acquisition in the fourth quarter worth about $22,252,000. Hudson Bay Capital Management LP purchased a new position in Apex Technology Acquisition during the fourth quarter valued at $11,508,000. HighTower Advisors LLC purchased a new stake in Apex Technology Acquisition in the fourth quarter worth about $11,272,000. Finally, Wolverine Asset Management LLC purchased a new stake in Apex Technology Acquisition in the fourth quarter worth about $11,246,000. Institutional investors own 6.01% of the company’s stock.

About Apex Technology Acquisition

Apex Technology Acquisition Corporation 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 in the software and internet technology industries. The company was incorporated in 2019 and is based in Burlingame, California. Apex Technology Acquisition Corporation is a subsidiary of Apex Technology Sponsor LLC.