DT Cloud Star Acquisition (NASDAQ:DTSQ) Posts Earnings Results

DT Cloud Star Acquisition (NASDAQ:DTSQ) released its earnings results on Wednesday. The company reported $0.09 EPS for the quarter, FiscalAI reports.

DT Cloud Star Acquisition Stock Performance

Shares of NASDAQ:DTSQ traded down $0.04 during midday trading on Friday, hitting $10.82. 927 shares of the stock traded hands, compared to its average volume of 15,775. The business’s 50 day moving average is $10.53 and its two-hundred day moving average is $10.45. DT Cloud Star Acquisition has a one year low of $10.03 and a one year high of $11.04.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Gabelli Funds LLC bought a new stake in shares of DT Cloud Star Acquisition in the 1st quarter worth approximately $860,000. Quarry LP lifted its stake in DT Cloud Star Acquisition by 100.0% in the first quarter. Quarry LP now owns 200,000 shares of the company’s stock worth $2,052,000 after acquiring an additional 100,000 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. boosted its holdings in DT Cloud Star Acquisition by 100.0% in the second quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 232,000 shares of the company’s stock valued at $2,408,000 after acquiring an additional 116,000 shares in the last quarter. Wealthspring Capital LLC boosted its holdings in DT Cloud Star Acquisition by 1,284.4% in the second quarter. Wealthspring Capital LLC now owns 247,800 shares of the company’s stock valued at $2,572,000 after acquiring an additional 229,900 shares in the last quarter. Finally, Westchester Capital Management LLC raised its holdings in DT Cloud Star Acquisition by 182.0% in the 1st quarter. Westchester Capital Management LLC now owns 352,500 shares of the company’s stock worth $3,613,000 after purchasing an additional 227,500 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of DT Cloud Star Acquisition in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

About DT Cloud Star Acquisition

DT Cloud Star Acquisition Corporation focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2022 and is based in Brooklyn, New York.