Southport Acquisition (NYSE:ANGX) Raised to Hold at Zacks Research

Southport Acquisition (NYSE:ANGX) was upgraded by Zacks Research to a “hold” rating in a report released on Wednesday,Zacks.com reports.

A number of other research firms also recently issued reports on ANGX. Roth Capital initiated coverage on Southport Acquisition in a research report on Tuesday. They issued a “buy” rating and a $9.00 target price for the company. Wall Street Zen lowered Southport Acquisition to a “strong sell” rating in a report on Thursday, November 20th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Southport Acquisition in a report on Monday. Finally, Oppenheimer started coverage on shares of Southport Acquisition in a research report on Thursday. They set an “outperform” rating and a $8.00 target price for the company. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $8.50.

Southport Acquisition Price Performance

NYSE:ANGX opened at $5.22 on Wednesday. Southport Acquisition has a 12 month low of $3.77 and a 12 month high of $20.39.

Southport Acquisition Company Profile

Southport Acquisition Corporation does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or assets. It intends to identify business opportunities in the field of financial software space with a focus on mortgage and real estate verticals.