Enhanced Group (NYSE:ENHA) Posts Earnings Results

Enhanced Group (NYSE:ENHA) posted its quarterly earnings results on Thursday. The company reported ($0.44) EPS for the quarter, Zacks reports.

Enhanced Group Stock Down 12.1%

Enhanced Group stock traded down $0.27 during midday trading on Thursday, hitting $1.97. 1,732,224 shares of the company’s stock were exchanged, compared to its average volume of 606,633. Enhanced Group has a 52-week low of $1.93 and a 52-week high of $14.00. The stock’s 50-day moving average price is $3.05.

Wall Street Analyst Weigh In

ENHA has been the topic of a number of analyst reports. Canaccord Genuity Group reiterated a “buy” rating on shares of Enhanced Group in a research note on Tuesday, June 16th. Weiss Ratings raised Enhanced Group from a “sell (e-)” rating to a “sell (e)” rating in a report on Monday, August 3rd. Finally, Wall Street Zen cut Enhanced Group to a “strong sell” rating in a research report on Saturday, August 1st. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $6.00.

Enhanced Group Company Profile

We are a blank check company incorporated in the British Virgin Islands as a business company with limited liability and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.