Range Capital Acquisition (NASDAQ:RANG) Issues Earnings Results

Range Capital Acquisition (NASDAQ:RANG) released its quarterly earnings data on Thursday. The company reported $0.05 earnings per share for the quarter, FiscalAI reports.

Range Capital Acquisition Stock Performance

The business’s 50 day simple moving average is $10.69 and its two-hundred day simple moving average is $10.59. Range Capital Acquisition has a 1-year low of $10.24 and a 1-year high of $11.66.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Range Capital Acquisition in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Sona Asset Management US LLC bought a new stake in Range Capital Acquisition during the 1st quarter worth about $1,839,000. K2 Principal Fund L.P. bought a new position in shares of Range Capital Acquisition in the 4th quarter valued at about $1,231,000. Governors Lane LP bought a new position in shares of Range Capital Acquisition in the 4th quarter valued at about $2,609,000. Berkley W R Corp increased its position in shares of Range Capital Acquisition by 0.9% in the first quarter. Berkley W R Corp now owns 577,081 shares of the company’s stock valued at $6,074,000 after acquiring an additional 5,021 shares during the last quarter. Finally, Glazer Capital LLC acquired a new stake in shares of Range Capital Acquisition in the fourth quarter valued at about $104,000.

About Range Capital Acquisition

Range Capital Acquisition Corp is a publicly traded special purpose acquisition company (SPAC) listed on the NASDAQ under the symbol RANG. The company was formed to raise capital through an initial public offering with the goal of effecting a merger, stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. As a blank‐check vehicle, it does not currently operate any underlying business but seeks to identify a suitable target that aligns with its investment criteria.

The SPAC is sponsored by Range Capital Partners, a private equity firm with a background in investing across industrial, energy and infrastructure sectors.