Flag Ship Acquisition (NASDAQ:FSHP) Trading 0.1% Higher – Still a Buy?

Shares of Flag Ship Acquisition Corporation (NASDAQ:FSHP) shot up 0.1% during trading on Tuesday . The company traded as high as $10.83 and last traded at $10.8410. 54,901 shares changed hands during mid-day trading, an increase of 913% from the average session volume of 5,418 shares. The stock had previously closed at $10.83.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Flag Ship Acquisition in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Flag Ship Acquisition Stock Performance

The company’s 50 day moving average price is $10.82 and its 200 day moving average price is $10.70.

Institutional Investors Weigh In On Flag Ship Acquisition

A number of institutional investors and hedge funds have recently modified their holdings of FSHP. Toronto Dominion Bank bought a new position in shares of Flag Ship Acquisition in the 4th quarter worth $37,000. Clear Street Group Inc. acquired a new stake in shares of Flag Ship Acquisition in the 3rd quarter valued at approximately $77,000. Crossingbridge Advisors LLC bought a new position in Flag Ship Acquisition during the 3rd quarter worth approximately $1,415,000. Finally, Berkley W R Corp grew its holdings in Flag Ship Acquisition by 2.0% during the second quarter. Berkley W R Corp now owns 658,831 shares of the company’s stock valued at $6,845,000 after purchasing an additional 12,885 shares during the period.

Flag Ship Acquisition Company Profile

Flag Ship Acquisition Corporation does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization with one or more businesses. The company intends to acquire businesses in Internet and high technology, financial technology, clean energy, health care, consumer and retail, energy and resources, food processing, manufacturing, and education sectors. Flag Ship Acquisition Corporation was incorporated in 2018 and is based in New York, New York.