Lafayette Digital Acquisition Corp. I (NASDAQ:ZKP) Issues Quarterly Earnings Results

Lafayette Digital Acquisition Corp. I (NASDAQ:ZKP) released its earnings results on Thursday. The company reported $0.06 earnings per share for the quarter, FiscalAI reports.

Lafayette Digital Acquisition Corp. I Stock Performance

Shares of ZKP stock traded up $0.02 during mid-day trading on Thursday, hitting $10.08. The company’s stock had a trading volume of 128 shares, compared to its average volume of 43,243. The company’s fifty day simple moving average is $10.04 and its 200-day simple moving average is $9.97. Lafayette Digital Acquisition Corp. I has a 52 week low of $9.85 and a 52 week high of $10.07.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lafayette Digital Acquisition Corp. I in a research note on Friday, October 30th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Lafayette Digital Acquisition Corp. I currently has an average rating of “Sell”.

Institutional Investors Weigh In On Lafayette Digital Acquisition Corp. I

Several institutional investors and hedge funds have recently made changes to their positions in the business. First Trust Capital Management L.P. bought a new stake in Lafayette Digital Acquisition Corp. I in the third quarter worth approximately $5,015,000. Lineage Point Capital LP bought a new position in shares of Lafayette Digital Acquisition Corp. I during the 2nd quarter worth approximately $1,174,000. RLH Capital LLC bought a new position in shares of Lafayette Digital Acquisition Corp. I during the 3rd quarter worth approximately $607,000. Finally, Harraden Circle Investments LLC bought a new position in shares of Lafayette Digital Acquisition Corp. I during the 2nd quarter worth approximately $584,000.

About Lafayette Digital Acquisition Corp. I

Lafayette Digital Acquisition Corp. I is a special purpose acquisition company, or SPAC, formed to pursue a merger, acquisition, or similar business combination with an operating business. As a SPAC, it does not have a separately described portfolio of products or services. Its business is centered on identifying and completing a transaction with a target company. I could not verify reliable details about its target-sector strategy, geographic focus, or leadership, so those specifics are not included here.