Eureka Acquisition (NASDAQ:EURK – Get Free Report) released its earnings results on Friday. The company reported $0.13 earnings per share (EPS) for the quarter, FiscalAI reports.
Eureka Acquisition Price Performance
Eureka Acquisition stock traded down $0.02 during midday trading on Friday, reaching $11.50. 2,617 shares of the stock traded hands, compared to its average volume of 1,003. The stock’s fifty day moving average is $11.31 and its 200-day moving average is $11.11. Eureka Acquisition has a 12 month low of $10.30 and a 12 month high of $12.66.
Hedge Funds Weigh In On Eureka Acquisition
Institutional investors and hedge funds have recently modified their holdings of the stock. Berkley W R Corp boosted its holdings in shares of Eureka Acquisition by 3.2% in the 1st quarter. Berkley W R Corp now owns 315,488 shares of the company’s stock worth $3,578,000 after purchasing an additional 9,860 shares during the period. Clear Street Group Inc. boosted its holdings in shares of Eureka Acquisition by 35.4% in the 4th quarter. Clear Street Group Inc. now owns 92,366 shares of the company’s stock worth $1,009,000 after purchasing an additional 24,135 shares during the period. Polar Asset Management Partners Inc. boosted its holdings in shares of Eureka Acquisition by 193.0% in the 1st quarter. Polar Asset Management Partners Inc. now owns 167,000 shares of the company’s stock worth $1,894,000 after purchasing an additional 110,000 shares during the period. Meteora Capital LLC purchased a new position in shares of Eureka Acquisition in the 3rd quarter worth approximately $1,386,000. Finally, Crossingbridge Advisors LLC purchased a new position in shares of Eureka Acquisition in the 3rd quarter worth approximately $1,431,000.
About Eureka Acquisition
Eureka Acquisition Co (NASDAQ: EURK) is a special purpose acquisition company (SPAC) incorporated in Delaware in 2021. As a blank‐check vehicle, the company raised capital through an initial public offering to pursue mergers, acquisitions or other business combinations. Eureka Acquisition does not engage in any operational business activities of its own and has not yet announced a definitive target or transaction.
The company’s charter provides a fixed time frame—typically 24 to 36 months—to identify and complete a qualifying business combination.
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