Tavia Acquisition (NASDAQ:TAVI) Shares Climb 0.1% – Here’s What Happened

Tavia Acquisition Corp. (NASDAQ:TAVI) shares rose 0.1% on Monday. The company traded as high as $10.83 and last traded at $10.81. 512 shares changed hands during trading, a decline of 89% from the average session volume of 4,701 shares. The stock had previously closed at $10.80.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Tavia Acquisition from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, August 18th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Tavia Acquisition currently has a consensus rating of “Sell”.

Tavia Acquisition Price Performance

The company has a 50-day simple moving average of $10.76 and a 200 day simple moving average of $10.70.

Tavia Acquisition (NASDAQ:TAVI) last released its earnings results on Wednesday, August 12th. The company reported ($0.03) earnings per share for the quarter.

Institutional Investors Weigh In On Tavia Acquisition

A hedge fund recently bought a new stake in Tavia Acquisition stock. Sona Asset Management US LLC acquired a new stake in Tavia Acquisition Corp. (NASDAQ:TAVI) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 100,000 shares of the company’s stock, valued at approximately $1,056,000. Sona Asset Management US LLC owned 0.87% of Tavia Acquisition at the end of the most recent reporting period.

About Tavia Acquisition

Tavia Acquisition Corp. (NASDAQ:TAVI) is a special purpose acquisition company, or SPAC. The company was formed to pursue a business combination with one or more operating businesses through a merger, share exchange, asset acquisition, reorganization or similar transaction.

Unlike an operating company, Tavia Acquisition does not currently have a portfolio of products or services, manufacturing operations or an established commercial business. Its primary corporate activity is identifying and evaluating potential acquisition targets and negotiating a transaction that would allow a target company to become publicly traded.

Publicly available information provides limited detail about a completed transaction, operating subsidiaries, geographic markets or specific industry focus.