ITHAX Acquisition Corp III (NASDAQ:ITHA) Posts Quarterly Earnings Results

ITHAX Acquisition Corp III (NASDAQ:ITHA) announced its earnings results on Friday. The company reported $0.06 earnings per share (EPS) for the quarter, FiscalAI reports.

ITHAX Acquisition Corp III Stock Up 0.3%

Shares of ITHAX Acquisition Corp III stock traded up $0.03 during trading on Friday, hitting $10.12. The company’s stock had a trading volume of 5,160 shares, compared to its average volume of 81,101. The company has a fifty day simple moving average of $10.08 and a two-hundred day simple moving average of $9.99. ITHAX Acquisition Corp III has a 52 week low of $9.85 and a 52 week high of $10.15.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded ITHAX Acquisition Corp III from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, October 13th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On ITHAX Acquisition Corp III

An institutional investor recently bought a new position in ITHAX Acquisition Corp III stock. BlueCrest Capital Management Ltd bought a new stake in shares of ITHAX Acquisition Corp III (NASDAQ:ITHA) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 650,000 shares of the company’s stock, valued at approximately $6,487,000. BlueCrest Capital Management Ltd owned approximately 2.44% of ITHAX Acquisition Corp III as of its most recent filing with the Securities and Exchange Commission (SEC).

About ITHAX Acquisition Corp III

ITHAX Acquisition Corp. III is a special purpose acquisition company, or SPAC, formed to pursue a merger, share exchange, asset acquisition, or similar business combination with one or more businesses. Like other SPACs, it does not have significant operating activities of its own while it searches for a suitable transaction. Before completing a business combination, the company’s business is focused on identifying and evaluating potential opportunities and negotiating a transaction. No completed combination or specific operating business is identified here.