Paloma Acquisition Corp I (NASDAQ:PALO) Releases Quarterly Earnings Results

Paloma Acquisition Corp I (NASDAQ:PALO) issued its quarterly earnings data on Friday. The company reported $0.05 earnings per share (EPS) for the quarter, FiscalAI reports.

Paloma Acquisition Corp I Stock Up 0.0%

NASDAQ PALO traded up $0.01 on Friday, hitting $10.03. 19 shares of the stock were exchanged, compared to its average volume of 7,123. Paloma Acquisition Corp I has a 52-week low of $9.84 and a 52-week high of $10.08. The stock has a fifty day moving average price of $10.00 and a two-hundred day moving average price of $9.95.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Paloma Acquisition Corp I from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, October 2nd. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Paloma Acquisition Corp I Company Profile

Paloma Acquisition Corp I was a special purpose acquisition company (SPAC), formed to pursue a business combination such as a merger, share exchange, asset acquisition or similar transaction with one or more businesses. As a SPAC, it did not have an established operating business or offer its own products or services. Its role was to identify and complete a transaction with a separate company. Publicly available information does not establish a specific operating sector, geographic market or leadership profile for the company.