BTC Development (NASDAQ:BDCI) Posts Earnings Results

BTC Development (NASDAQ:BDCIGet Free Report) issued its quarterly earnings results on Tuesday. The company reported $0.05 earnings per share (EPS) for the quarter, FiscalAI reports.

BTC Development Stock Down 0.0%

NASDAQ:BDCI traded down $0.01 on Tuesday, hitting $10.03. The company had a trading volume of 1,244 shares, compared to its average volume of 70,056. The stock has a market cap of $304.26 million and a PE ratio of 50.13. The company’s 50 day moving average price is $10.00. BTC Development has a 52 week low of $9.96 and a 52 week high of $10.26.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BDCI. ABC Arbitrage SA acquired a new stake in shares of BTC Development during the 4th quarter valued at $200,000. Picton Mahoney Asset Management acquired a new position in BTC Development in the 4th quarter worth about $200,000. Crossingbridge Advisors LLC acquired a new position in BTC Development in the 4th quarter worth about $250,000. Boothbay Fund Management LLC bought a new position in BTC Development in the fourth quarter valued at about $350,000. Finally, StoneX Group Inc. bought a new position in BTC Development in the fourth quarter valued at about $526,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings assumed coverage on BTC Development in a report on Monday, January 12th. They issued a “sell (e)” rating for the company. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Check Out Our Latest Stock Report on BTC Development

About BTC Development

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We are a blank check company incorporated as a Cayman Islands exempted company and incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination involving one or more businesses or assets, which we refer to throughout this prospectus as our initial business combination. To date, our efforts have been limited to organizational activities as well as activities related to this offering. We have not identified any acquisition target and we have not, nor has anyone on our behalf, initiated any discussions, directly or indirectly, with respect to identifying any acquisition target.

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