Maywood Acquisition (NASDAQ:IPEX) Announces Quarterly Earnings Results

Maywood Acquisition (NASDAQ:IPEX) announced its earnings results on Friday. The company reported $0.03 earnings per share (EPS) for the quarter, FiscalAI reports.

Maywood Acquisition Trading Down 1.7%

Shares of NASDAQ IPEX traded down $0.18 during mid-day trading on Friday, reaching $10.52. The company had a trading volume of 11,424 shares, compared to its average volume of 53,212. Maywood Acquisition has a twelve month low of $10.15 and a twelve month high of $10.70. The stock has a 50 day simple moving average of $10.52.

Analyst Upgrades and Downgrades

IPEX has been the subject of a number of research reports. Benchmark initiated coverage on shares of Maywood Acquisition in a report on Tuesday, August 4th. They set a “buy” rating and a $14.00 target price for the company. Weiss Ratings upgraded Maywood Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, May 22nd. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Maywood Acquisition currently has a consensus rating of “Hold” and a consensus price target of $14.00.

Hedge Funds Weigh In On Maywood Acquisition

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Magnetar Financial LLC acquired a new position in Maywood Acquisition during the 4th quarter worth $2,565,000. Radcliffe Capital Management L.P. acquired a new stake in shares of Maywood Acquisition in the fourth quarter valued at about $1,152,000. Meteora Capital LLC acquired a new stake in shares of Maywood Acquisition in the fourth quarter valued at about $1,140,000. Finally, Virtu Financial LLC bought a new position in shares of Maywood Acquisition in the fourth quarter worth about $519,000.

About Maywood Acquisition

We are a blank check company incorporated as a Cayman Islands exempted company 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 or entities, which we refer to throughout this prospectus as our initial business combination. We have not selected any target business and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any target business regarding an initial business combination with our company.