Maywood Acquisition (NASDAQ:IPEX) Issues Earnings Results

Maywood Acquisition (NASDAQ:IPEX) released its quarterly earnings data on Friday. The company reported $0.03 earnings per share for the quarter, FiscalAI reports.

Maywood Acquisition Trading Down 1.7%

Shares of NASDAQ:IPEX traded down $0.18 during trading on Friday, reaching $10.52. The stock had a trading volume of 11,424 shares, compared to its average volume of 20,863. Maywood Acquisition has a 52 week low of $10.15 and a 52 week high of $10.70. The firm has a 50-day simple moving average of $10.52.

Analyst Upgrades and Downgrades

IPEX has been the topic of several recent analyst reports. Weiss Ratings raised Maywood Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, May 22nd. Benchmark started coverage on shares of Maywood Acquisition in a research note on Tuesday, August 4th. They issued a “buy” rating and a $14.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $14.00.

Hedge Funds Weigh In On Maywood Acquisition

Institutional investors have recently bought and sold shares of the business. Virtu Financial LLC acquired a new position in Maywood Acquisition in the fourth quarter worth $519,000. Meteora Capital LLC acquired a new stake in shares of Maywood Acquisition in the fourth quarter valued at $1,140,000. Radcliffe Capital Management L.P. bought a new position in shares of Maywood Acquisition in the fourth quarter valued at about $1,152,000. Finally, Magnetar Financial LLC bought a new position in shares of Maywood Acquisition in the fourth quarter valued at about $2,565,000.

Maywood Acquisition 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 or entities, which we refer to throughout this prospectus as our initial business combination. We have not selected any target business and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any target business regarding an initial business combination with our company.