Gesher Acquisition Corp. II (NASDAQ:GSHR) Announces Quarterly Earnings Results

Gesher Acquisition Corp. II (NASDAQ:GSHR) released its quarterly earnings data on Thursday. The company reported $0.04 EPS for the quarter, FiscalAI reports.

Gesher Acquisition Corp. II Stock Performance

NASDAQ:GSHR remained flat at $10.39 on Friday. 11,034 shares of the company’s stock were exchanged, compared to its average volume of 7,161. The business’s 50-day moving average is $10.36. Gesher Acquisition Corp. II has a one year low of $9.51 and a one year high of $11.20.

Analyst Ratings Changes

Separately, Weiss Ratings initiated coverage on Gesher Acquisition Corp. II in a report on Tuesday, January 27th. They issued a “sell (e+)” rating for the company. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Gesher Acquisition Corp. II has an average rating of “Sell”.

Hedge Funds Weigh In On Gesher Acquisition Corp. II

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new position in Gesher Acquisition Corp. II in the 4th quarter valued at about $156,000. Meteora Capital LLC acquired a new position in Gesher Acquisition Corp. II in the fourth quarter worth about $437,000. Sona Asset Management US LLC acquired a new position in Gesher Acquisition Corp. II in the first quarter worth about $1,810,000. Glazer Capital LLC grew its stake in Gesher Acquisition Corp. II by 12.2% in the fourth quarter. Glazer Capital LLC now owns 224,254 shares of the company’s stock worth $2,302,000 after purchasing an additional 24,299 shares in the last quarter. Finally, Radcliffe Capital Management L.P. grew its stake in Gesher Acquisition Corp. II by 34.6% in the fourth quarter. Radcliffe Capital Management L.P. now owns 227,045 shares of the company’s stock worth $2,331,000 after purchasing an additional 58,339 shares in the last quarter.

About Gesher Acquisition Corp. II

Gesher Acquisition Corp. II (NASDAQ: GSHR) is a special purpose acquisition company (SPAC) listed on the Nasdaq Stock Market. As a blank‑check vehicle, the company’s principal business activity is to identify, negotiate and complete a business combination with one or more operating businesses. Like other SPACs, it was created to use public capital markets as a mechanism to bring a private target company public via a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination.

Gesher Acquisition Corp.