Shares of Centurion Acquisition Corp. (NASDAQ:ALF – Get Free Report) crossed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $10.81 and traded as low as $10.80. Centurion Acquisition shares last traded at $10.80, with a volume of 61 shares changing hands.
Analyst Ratings Changes
Separately, Weiss Ratings upgraded shares of Centurion Acquisition from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, September 4th. One research analyst has rated the stock with a Hold rating. According to MarketBeat, Centurion Acquisition presently has an average rating of “Hold”.
Read Our Latest Report on Centurion Acquisition
Centurion Acquisition Stock Performance
The company has a 50 day simple moving average of $10.84 and a 200 day simple moving average of $10.81.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the stock. Berkley W R Corp raised its stake in shares of Centurion Acquisition by 376.0% during the first quarter. Berkley W R Corp now owns 1,157,544 shares of the company’s stock worth $12,455,000 after purchasing an additional 914,380 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Centurion Acquisition in the 3rd quarter valued at $5,410,000. Context Capital Management LLC purchased a new position in Centurion Acquisition in the 3rd quarter valued at $5,410,000. Sona Asset Management US LLC acquired a new position in Centurion Acquisition in the 1st quarter valued at $1,092,000. Finally, Kepos Capital LP acquired a new position in Centurion Acquisition in the 3rd quarter valued at $462,000.
About Centurion Acquisition
Centurion Acquisition Corp. is a special purpose acquisition company (SPAC), also known as a blank-check company. It was formed to pursue a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a SPAC, Centurion does not have an established operating business or sell products and services of its own. Its business activities are centered on identifying and completing a transaction with a target company.
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