Sizzle Acquisition Corp. II (NASDAQ:SZZL) Releases Earnings Results

Sizzle Acquisition Corp. II (NASDAQ:SZZL) announced its quarterly earnings results on Tuesday. The company reported $0.04 earnings per share (EPS) for the quarter, FiscalAI reports.

Sizzle Acquisition Corp. II Stock Performance

Shares of NASDAQ SZZL traded up $0.01 during mid-day trading on Thursday, reaching $10.55. 52,165 shares of the company were exchanged, compared to its average volume of 66,599. Sizzle Acquisition Corp. II has a 52 week low of $10.15 and a 52 week high of $10.55. The company’s 50 day moving average price is $10.50 and its 200 day moving average price is $10.37.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Rangeley Capital LLC purchased a new stake in shares of Sizzle Acquisition Corp. II during the first quarter valued at approximately $103,000. Deltec Asset Management LLC purchased a new position in shares of Sizzle Acquisition Corp. II in the third quarter worth $1,048,000. Sona Asset Management US LLC purchased a new position in shares of Sizzle Acquisition Corp. II in the first quarter worth $1,040,000. First Trust Capital Management L.P. bought a new stake in Sizzle Acquisition Corp. II during the 3rd quarter valued at $4,178,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Sizzle Acquisition Corp. II during the 1st quarter valued at $4,112,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Sizzle Acquisition Corp. II in a research note on Thursday, August 27th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

About Sizzle Acquisition Corp. II

Sizzle Acquisition Corp. II is a special purpose acquisition company, or SPAC, formed to pursue a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a blank-check company, Sizzle Acquisition Corp. II does not operate a commercial business or offer products and services of its own. Its primary activity is identifying and completing a business combination. Specific information about its operating activities, customer markets and geographic reach depends on a completed transaction.