Dynamix Corp III (NASDAQ:DNMX) Posts Quarterly Earnings Results

Dynamix Corp III (NASDAQ:DNMX) issued its earnings results on Thursday. The company reported $0.04 earnings per share for the quarter, Zacks reports.

Dynamix Corp III Trading Up 0.0%

Shares of NASDAQ DNMX opened at $10.04 on Friday. The stock has a market cap of $234.35 million and a price-to-earnings ratio of -1,004.50. Dynamix Corp III has a 52 week low of $9.87 and a 52 week high of $10.04. The company’s 50-day moving average price is $10.02 and its 200 day moving average price is $9.98.

Hedge Funds Weigh In On Dynamix Corp III

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bulldog Investors LLP purchased a new stake in shares of Dynamix Corp III in the fourth quarter valued at about $494,000. Boothbay Fund Management LLC purchased a new position in shares of Dynamix Corp III during the 4th quarter worth approximately $494,000. Moore Capital Management LP acquired a new position in shares of Dynamix Corp III during the 4th quarter worth approximately $989,000. DLD Asset Management LP acquired a new position in shares of Dynamix Corp III during the 4th quarter worth approximately $1,041,000. Finally, Berkley W R Corp purchased a new stake in Dynamix Corp III in the 4th quarter valued at approximately $1,471,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings started coverage on shares of Dynamix Corp III in a research report on Monday, June 8th. They set a “sell (e+)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Dynamix Corp III Company Profile

We are a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.