Black Hawk Acquisition (NASDAQ:BKHA) Shares Up 0.8% – Time to Buy?

Black Hawk Acquisition Corporation (NASDAQ:BKHA) was up 0.8% on Friday . The stock traded as high as $11.89 and last traded at $11.89. Approximately 978 shares traded hands during trading, a decline of 3% from the average daily volume of 1,004 shares. The stock had previously closed at $11.80.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Black Hawk Acquisition in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Black Hawk Acquisition Stock Performance

The company’s 50-day moving average price is $12.24 and its 200 day moving average price is $11.89.

Black Hawk Acquisition (NASDAQ:BKHA) last announced its earnings results on Wednesday, July 15th. The company reported $0.02 earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Black Hawk Acquisition

Institutional investors have recently bought and sold shares of the stock. Meteora Capital LLC purchased a new position in Black Hawk Acquisition during the third quarter valued at $1,111,000. Quarry LP purchased a new position in shares of Black Hawk Acquisition during the 3rd quarter valued at about $112,000. Finally, Clear Street Group Inc. grew its stake in shares of Black Hawk Acquisition by 11.6% during the 4th quarter. Clear Street Group Inc. now owns 59,031 shares of the company’s stock valued at $664,000 after acquiring an additional 6,158 shares during the period.

About Black Hawk Acquisition

Black Hawk Acquisition Corp. is a special purpose acquisition company (SPAC) formed to effect a merger, stock purchase, asset acquisition, stock exchange or similar business combination with one or more businesses. Incorporated in Delaware, the company was created to raise capital through an initial public offering and to seek a target business that can benefit from its public listing and access to growth capital.

Since its listing on the NASDAQ under the ticker BKHA, Black Hawk Acquisition has focused on identifying businesses in sectors such as technology, industrials, consumer and financial services.