New America Acquisition I (NYSE:NWAX) Stock Rating Raised to Hold at Wall Street Zen

Wall Street Zen upgraded shares of New America Acquisition I (NYSE:NWAX) to a hold rating in a report released on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings upgraded shares of New America Acquisition I from a “sell (e)” rating to a “sell (e+)” rating in a research report on Tuesday, August 18th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

New America Acquisition I Stock Down 0.2%

Shares of NWAX opened at $10.07 on Friday. New America Acquisition I has a 52-week low of $9.68 and a 52-week high of $10.39. The firm’s fifty day moving average is $10.14 and its two-hundred day moving average is $10.11.

About New America Acquisition I

New America Acquisition I Corp. is a special purpose acquisition company (SPAC) listed on the New York Stock Exchange under the symbol NWAX. The company was formed to pursue a business combination with one or more private companies.

Unlike an operating company, New America Acquisition I does not appear to manufacture products or provide ongoing commercial services. Its principal activities are evaluating potential merger, acquisition, or similar transactions and completing a transaction that would allow a private business to become publicly traded.

Publicly available information about the company’s specific acquisition criteria, geographic focus, operating history, and leadership is limited.