Apex Technology Acquisition (NASDAQ:APXT) Reaches New 1-Year High – Should You Buy?

Apex Technology Acquisition Co. (NASDAQ:APXT) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $10.01 and last traded at $10.01, with a volume of 1971 shares traded. The stock had previously closed at $10.01.

Apex Technology Acquisition Stock Performance

The firm’s 50 day simple moving average is $9.97 and its 200-day simple moving average is $10.36.

Apex Technology Acquisition (NASDAQ:APXT) last released its quarterly earnings data on Thursday, March 26th. The company reported $0.09 earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Apex Technology Acquisition

Several institutional investors have recently bought and sold shares of APXT. Meteora Capital LLC purchased a new stake in Apex Technology Acquisition during the fourth quarter worth approximately $27,093,000. Adage Capital Partners GP L.L.C. purchased a new position in shares of Apex Technology Acquisition in the fourth quarter valued at $22,252,000. Hudson Bay Capital Management LP purchased a new position in shares of Apex Technology Acquisition in the fourth quarter valued at $11,508,000. HighTower Advisors LLC purchased a new position in shares of Apex Technology Acquisition in the fourth quarter valued at $11,272,000. Finally, Wolverine Asset Management LLC purchased a new position in shares of Apex Technology Acquisition in the fourth quarter valued at $11,246,000. 6.01% of the stock is currently owned by hedge funds and other institutional investors.

Apex Technology Acquisition Company Profile

Apex Technology Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the software and internet technology industries. The company was incorporated in 2019 and is based in Burlingame, California. Apex Technology Acquisition Corporation is a subsidiary of Apex Technology Sponsor LLC.