Eureka Acquisition (NASDAQ:EURK) Releases Earnings Results

Eureka Acquisition (NASDAQ:EURK) issued its earnings results on Thursday. The company reported $0.12 earnings per share (EPS) for the quarter, FiscalAI reports.

Eureka Acquisition Trading Down 1.6%

Shares of NASDAQ:EURK traded down $0.19 during trading hours on Friday, reaching $11.81. The stock had a trading volume of 185 shares, compared to its average volume of 8,261. Eureka Acquisition has a 1 year low of $10.59 and a 1 year high of $14.28. The firm’s 50 day moving average is $11.62 and its 200-day moving average is $11.36.

Hedge Funds Weigh In On Eureka Acquisition

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Polar Asset Management Partners Inc. raised its holdings in Eureka Acquisition by 193.0% in the 1st quarter. Polar Asset Management Partners Inc. now owns 167,000 shares of the company’s stock valued at $1,894,000 after acquiring an additional 110,000 shares during the last quarter. Meteora Capital LLC bought a new position in Eureka Acquisition during the third quarter worth $1,386,000. Berkley W R Corp raised its position in shares of Eureka Acquisition by 3.2% during the 1st quarter. Berkley W R Corp now owns 315,488 shares of the company’s stock worth $3,578,000 after purchasing an additional 9,860 shares during the period. Finally, Clear Street Group Inc. boosted its stake in Eureka Acquisition by 35.4% during the 4th quarter. Clear Street Group Inc. now owns 92,366 shares of the company’s stock valued at $1,009,000 after purchasing an additional 24,135 shares during the period.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Eureka Acquisition in a research report on Monday, June 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Eureka Acquisition has a consensus rating of “Sell”.

Eureka Acquisition Company Profile

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.