SC II Acquisition (NASDAQ:SCII) Issues Quarterly Earnings Results

SC II Acquisition (NASDAQ:SCII) issued its earnings results on Friday. The company reported $0.06 earnings per share (EPS) for the quarter, FiscalAI reports.

SC II Acquisition Stock Performance

Shares of NASDAQ SCII traded up $0.01 during trading on Friday, hitting $10.23. 160,028 shares of the company were exchanged, compared to its average volume of 69,675. SC II Acquisition has a 1 year low of $9.90 and a 1 year high of $10.24. The stock has a fifty day moving average price of $10.18.

Analysts Set New Price Targets

Separately, Weiss Ratings raised SC II Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, October 13th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Trading of SC II Acquisition

An institutional investor recently bought a new stake in SC II Acquisition stock. Harraden Circle Investments LLC acquired a new stake in SC II Acquisition Corp. (NASDAQ:SCII) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,897,900 shares of the company’s stock, valued at approximately $29,066,000. SC II Acquisition comprises approximately 2.9% of Harraden Circle Investments LLC’s portfolio, making the stock its 6th largest position. Harraden Circle Investments LLC owned 16.55% of SC II Acquisition as of its most recent filing with the Securities and Exchange Commission.

About SC II Acquisition

SC II Acquisition Corp. is a special purpose acquisition company (SPAC), formed to pursue a merger, business combination, or similar transaction with an existing business. The company does not operate a standalone business or offer products and services to customers. Its activities center on identifying and completing a potential business combination. Further reliable information about its target industry, geographic operations, or leadership is not available here.