Range Capital Acquisition (NASDAQ:RANG) Posts Earnings Results

Range Capital Acquisition (NASDAQ:RANG) announced its quarterly earnings data on Friday. The company reported $0.01 earnings per share (EPS) for the quarter, FiscalAI reports.

Range Capital Acquisition Stock Performance

The stock has a 50 day moving average of $10.90 and a 200 day moving average of $10.68. Range Capital Acquisition has a 12 month low of $10.40 and a 12 month high of $11.66.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Range Capital Acquisition stock. Sona Asset Management US LLC acquired a new stake in shares of Range Capital Acquisition Corp. (NASDAQ:RANG) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 174,774 shares of the company’s stock, valued at approximately $1,839,000. Sona Asset Management US LLC owned about 1.25% of Range Capital Acquisition as of its most recent filing with the Securities and Exchange Commission (SEC).

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Range Capital Acquisition from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, August 21st. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, Range Capital Acquisition has an average rating of “Sell”.

Range Capital Acquisition Company Profile

Range Capital Acquisition Corp. is a special purpose acquisition company (SPAC), formed to identify and combine with another business through a merger, share exchange, asset acquisition or similar transaction. It does not have significant independent business operations or offer products and services of its own. Its role is to seek a suitable business combination that would give a privately held company access to the public markets. Until completing such a transaction, its activities are focused on evaluating potential acquisition opportunities.