Southport Acquisition (NYSE:ANGX) Coverage Initiated by Analysts at Roth Capital

Stock analysts at Roth Capital initiated coverage on shares of Southport Acquisition (NYSE:ANGX) in a report issued on Tuesday. The firm set a “buy” rating and a $9.00 price target on the stock. Roth Capital’s price objective indicates a potential upside of 75.44% from the company’s current price.

A number of other research analysts have also commented on ANGX. Weiss Ratings reissued a “sell (e+)” rating on shares of Southport Acquisition in a report on Monday, December 8th. Wall Street Zen downgraded shares of Southport Acquisition to a “strong sell” rating in a research report on Thursday, November 20th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Southport Acquisition presently has an average rating of “Hold” and a consensus price target of $9.00.

Southport Acquisition Stock Performance

ANGX opened at $5.13 on Tuesday. Southport Acquisition has a 12 month low of $3.77 and a 12 month high of $20.39.

Southport Acquisition Company Profile

Southport Acquisition Corporation does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or assets. It intends to identify business opportunities in the field of financial software space with a focus on mortgage and real estate verticals.