Apex Technology Acquisition (NASDAQ:APXT) Hits New 12-Month High – Time to Buy?

Apex Technology Acquisition Co. (NASDAQ:APXTGet Free Report)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $10.01 and last traded at $10.01, with a volume of 1971 shares trading hands. The stock had previously closed at $10.01.

Apex Technology Acquisition Stock Performance

The firm’s 50-day simple moving average is $9.97 and its 200 day simple moving average is $10.36.

Apex Technology Acquisition (NASDAQ:APXTGet Free Report) last issued its earnings results on Thursday, March 26th. The company reported $0.09 EPS for the quarter.

Institutional Investors Weigh In On Apex Technology Acquisition

Hedge funds have recently modified their holdings of the business. Meteora Capital LLC bought a new position in shares of Apex Technology Acquisition during the 4th quarter valued at about $27,093,000. Adage Capital Partners GP L.L.C. acquired a new stake in shares of Apex Technology Acquisition in the 4th quarter valued at about $22,252,000. Hudson Bay Capital Management LP acquired a new position in shares of Apex Technology Acquisition during the 4th quarter worth about $11,508,000. HighTower Advisors LLC acquired a new position in shares of Apex Technology Acquisition during the 4th quarter worth about $11,272,000. Finally, Wolverine Asset Management LLC acquired a new position in shares of Apex Technology Acquisition during the 4th quarter worth about $11,246,000. Institutional investors and hedge funds own 6.01% of the company’s stock.

Apex Technology Acquisition Company Profile

(Get Free Report)

Apex Technology Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the software and internet technology industries. The company was incorporated in 2019 and is based in Burlingame, California. Apex Technology Acquisition Corporation is a subsidiary of Apex Technology Sponsor LLC.

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