Flag Ship Acquisition (NASDAQ:FSHP) Releases Quarterly Earnings Results

Flag Ship Acquisition (NASDAQ:FSHP) posted its quarterly earnings data on Friday. The company reported $0.05 earnings per share for the quarter, FiscalAI reports.

Flag Ship Acquisition Trading Down 0.5%

NASDAQ FSHP traded down $0.05 during trading hours on Friday, reaching $10.97. 1,459 shares of the stock traded hands, compared to its average volume of 20,819. The stock has a 50 day simple moving average of $11.00 and a two-hundred day simple moving average of $10.86. Flag Ship Acquisition has a 1 year low of $10.41 and a 1 year high of $12.00.

Institutional Investors Weigh In On Flag Ship Acquisition

Large investors have recently added to or reduced their stakes in the company. Toronto Dominion Bank purchased a new stake in Flag Ship Acquisition during the fourth quarter valued at about $37,000. Clear Street Group Inc. purchased a new position in shares of Flag Ship Acquisition during the third quarter worth approximately $77,000. Crossingbridge Advisors LLC purchased a new position in shares of Flag Ship Acquisition during the third quarter worth approximately $1,415,000. Finally, Berkley W R Corp raised its stake in shares of Flag Ship Acquisition by 8.4% during the first quarter. Berkley W R Corp now owns 434,420 shares of the company’s stock worth $4,748,000 after acquiring an additional 33,482 shares in the last quarter.

About Flag Ship Acquisition

Flag Ship Acquisition Corporation does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization with one or more businesses. The company intends to acquire businesses in Internet and high technology, financial technology, clean energy, health care, consumer and retail, energy and resources, food processing, manufacturing, and education sectors. Flag Ship Acquisition Corporation was incorporated in 2018 and is based in New York, New York.