Quetta Acquisition (NASDAQ:QETA) Stock Price Up 0.1% – Time to Buy?

Quetta Acquisition Corporation (NASDAQ:QETA) shares shot up 0.1% on Wednesday . The company traded as high as $11.48 and last traded at $11.46. 4,700 shares were traded during trading, an increase of 300% from the average session volume of 1,174 shares. The stock had previously closed at $11.45.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Quetta Acquisition in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Quetta Acquisition Stock Performance

The business’s 50-day simple moving average is $11.21 and its 200 day simple moving average is $10.97.

Institutional Investors Weigh In On Quetta Acquisition

A number of institutional investors have recently added to or reduced their stakes in QETA. Clear Street LLC boosted its stake in Quetta Acquisition by 185.1% during the 2nd quarter. Clear Street LLC now owns 17,577 shares of the company’s stock valued at $191,000 after purchasing an additional 11,411 shares in the last quarter. Clear Street Group Inc. acquired a new stake in shares of Quetta Acquisition in the third quarter valued at $197,000. Mizuho Securities USA LLC bought a new position in Quetta Acquisition during the first quarter valued at about $867,000. Crossingbridge Advisors LLC bought a new position in Quetta Acquisition during the first quarter valued at about $898,000. Finally, Wolverine Asset Management LLC grew its holdings in Quetta Acquisition by 2.5% during the second quarter. Wolverine Asset Management LLC now owns 157,458 shares of the company’s stock worth $1,710,000 after acquiring an additional 3,769 shares during the period. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Quetta Acquisition Company Profile

Quetta Acquisition Corporation focuses on effecting a merger, capital stock exchange, share purchase, asset acquisition, recapitalization, reorganization, or related business combination with one or more businesses. It intends to focus on financial technology sector in Asia. The company was incorporated in 2023 and is based in New York, New York.