Charlton Aria Acquisition (NASDAQ:CHAR) Posts Quarterly Earnings Results

Charlton Aria Acquisition (NASDAQ:CHAR) announced its quarterly earnings results on Thursday. The company reported $0.01 earnings per share (EPS) for the quarter, FiscalAI reports.

Charlton Aria Acquisition Price Performance

CHAR stock traded up $0.02 during trading hours on Friday, reaching $10.99. 700 shares of the stock were exchanged, compared to its average volume of 25,871. The firm’s 50-day moving average is $10.98 and its 200-day moving average is $10.78. Charlton Aria Acquisition has a 12 month low of $10.39 and a 12 month high of $11.48.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Charlton Aria Acquisition in a report on Monday, October 19th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Trading of Charlton Aria Acquisition

A number of institutional investors have recently modified their holdings of the company. Berkley W R Corp grew its holdings in shares of Charlton Aria Acquisition by 19.4% during the first quarter. Berkley W R Corp now owns 878,975 shares of the company’s stock worth $9,304,000 after buying an additional 142,746 shares in the last quarter. StoneX Group Inc. bought a new stake in Charlton Aria Acquisition in the 3rd quarter valued at approximately $1,778,000. Sona Asset Management US LLC bought a new stake in Charlton Aria Acquisition in the 1st quarter valued at approximately $1,058,000. SkyView Investment Advisors LLC acquired a new position in Charlton Aria Acquisition during the 2nd quarter worth approximately $324,000. Finally, Robinson Capital Management LLC boosted its position in Charlton Aria Acquisition by 105.4% during the 2nd quarter. Robinson Capital Management LLC now owns 29,716 shares of the company’s stock worth $321,000 after acquiring an additional 15,250 shares during the last quarter.

Charlton Aria Acquisition Corp. is a special purpose acquisition company, or SPAC. It was formed to pursue a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more existing businesses.

The company does not have an established operating business or its own portfolio of products and services. Its role is to identify a business-combination partner and, if a transaction is completed, help that business enter the public markets.

Charlton Aria has described a focus on opportunities in the technology, media and telecommunications sectors, particularly in Asia.