RF Acquisition Corp II (NASDAQ:RFAI) Releases Earnings Results

RF Acquisition Corp II (NASDAQ:RFAI) released its quarterly earnings data on Thursday. The company reported ($0.01) earnings per share (EPS) for the quarter, FiscalAI reports.

RF Acquisition Corp II Stock Down 0.6%

NASDAQ:RFAI traded down $0.21 during mid-day trading on Friday, reaching $34.14. 2,133 shares of the company were exchanged, compared to its average volume of 49,573. RF Acquisition Corp II has a 12 month low of $8.94 and a 12 month high of $73.00. The company has a fifty day moving average of $34.63 and a 200 day moving average of $18.59.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in RF Acquisition Corp II stock. First Trust Capital Management L.P. bought a new stake in RF Acquisition Corp II (NASDAQ:RFAI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 176,704 shares of the company’s stock, valued at approximately $6,635,000. First Trust Capital Management L.P. owned 5.03% of RF Acquisition Corp II as of its most recent filing with the Securities and Exchange Commission.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on RFAI. Weiss Ratings upgraded shares of RF Acquisition Corp II from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. Wall Street Zen raised shares of RF Acquisition Corp II to a “sell” rating in a report on Saturday, October 10th. One research analyst has rated the stock with a Hold rating. According to MarketBeat, RF Acquisition Corp II has a consensus rating of “Hold”.

RF Acquisition Corp II Company Profile

RF Acquisition Corp II is a special purpose acquisition company, or blank-check company, formed to identify and combine with an existing business. Its potential transaction structures include a merger, share exchange, asset or stock acquisition, reorganization, or similar business combination. The company does not itself manufacture products or provide operating services. Its activities center on evaluating potential acquisition targets and pursuing a business combination; the target’s industry and geographic reach would shape the company’s operations after a completed transaction.