Eureka Acquisition (NASDAQ:EURK) Releases Earnings Results

Eureka Acquisition (NASDAQ:EURK) released its quarterly earnings data on Tuesday. The company reported $0.08 earnings per share for the quarter, FiscalAI reports.

Eureka Acquisition Stock Performance

Shares of EURK stock opened at $11.18 on Wednesday. Eureka Acquisition has a 12-month low of $10.20 and a 12-month high of $11.28. The firm has a 50 day moving average price of $11.03 and a two-hundred day moving average price of $10.84.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Eureka Acquisition in a research note on Friday, January 9th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Eureka Acquisition currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Eureka Acquisition

Large investors have recently made changes to their positions in the company. Clear Street LLC acquired a new stake in Eureka Acquisition during the 2nd quarter worth approximately $2,283,000. Berkley W R Corp increased its position in Eureka Acquisition by 0.4% during the 2nd quarter. Berkley W R Corp now owns 305,628 shares of the company’s stock worth $3,179,000 after buying an additional 1,336 shares during the period. Crossingbridge Advisors LLC acquired a new stake in shares of Eureka Acquisition during the third quarter worth $1,431,000. Clear Street Group Inc. bought a new stake in shares of Eureka Acquisition in the third quarter valued at about $729,000. Finally, Meteora Capital LLC bought a new stake in shares of Eureka Acquisition in the third quarter valued at about $1,386,000.

About Eureka Acquisition

Eureka Acquisition Co (NASDAQ: EURK) is a special purpose acquisition company (SPAC) incorporated in Delaware in 2021. As a blank‐check vehicle, the company raised capital through an initial public offering to pursue mergers, acquisitions or other business combinations. Eureka Acquisition does not engage in any operational business activities of its own and has not yet announced a definitive target or transaction.

The company’s charter provides a fixed time frame—typically 24 to 36 months—to identify and complete a qualifying business combination.