Space Asset Acquisition (NASDAQ:SAAQ) Stock Rating Raised to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Space Asset Acquisition (NASDAQ:SAAQ) to a hold rating in a research report released on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings raised Space Asset Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a report on Tuesday, September 1st. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Space Asset Acquisition Stock Down 0.1%

Space Asset Acquisition stock opened at $10.08 on Friday. The company has a fifty day simple moving average of $10.08 and a 200-day simple moving average of $10.17. Space Asset Acquisition has a 12-month low of $9.88 and a 12-month high of $11.10.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Space Asset Acquisition stock. Corient Private Wealth LP acquired a new position in shares of Space Asset Acquisition Corp. (NASDAQ:SAAQ) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,000 shares of the company’s stock, valued at approximately $108,000.

About Space Asset Acquisition

Space Asset Acquisition Corp. is a special purpose acquisition company (SPAC) organized to identify and complete a business combination with one or more companies operating in the space industry. Unlike an operating company, it was formed primarily to raise capital and pursue a merger, acquisition, or similar transaction.

The company’s investment focus includes businesses involved in space-based technologies and services, such as satellite systems, space transportation, communications, data applications, and related infrastructure.