Berto Acquisition (NASDAQ:TACO) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Berto Acquisition Corp. (NASDAQ:TACO)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $10.26 and traded as high as $10.40. Berto Acquisition shares last traded at $10.40, with a volume of 180,456 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Berto Acquisition in a report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Berto Acquisition currently has an average rating of “Sell”.

Berto Acquisition Trading Up 0.3%

The firm has a 50-day moving average of $10.26 and a two-hundred day moving average of $10.21.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. FNY Investment Advisers LLC purchased a new stake in shares of Berto Acquisition in the fourth quarter valued at approximately $26,000. Levin Capital Strategies L.P. purchased a new stake in shares of Berto Acquisition in the first quarter valued at approximately $102,000. Jane Street Group LLC purchased a new stake in shares of Berto Acquisition in the second quarter valued at approximately $191,000. Readystate Asset Management LP purchased a new stake in shares of Berto Acquisition in the fourth quarter valued at approximately $187,000. Finally, HRT Financial LP purchased a new stake in shares of Berto Acquisition in the fourth quarter valued at approximately $191,000.

Berto Acquisition Company Profile

Del Taco Restaurants, Inc develops, franchises, owns, and operates Del Taco quick-service Mexican-American restaurants in the United States. The company's restaurants offer Mexican inspired and American classic dishes. As of August 31, 2021, it operated approximately 600 restaurants across 16 states. The company was founded in 1964 and is headquartered in Lake Forest, California.