RF Acquisition Corp II (NASDAQ:RFAI) Releases Quarterly Earnings Results

RF Acquisition Corp II (NASDAQ:RFAI) issued its earnings results on Friday. The company reported $0.01 earnings per share (EPS) for the quarter, FiscalAI reports.

RF Acquisition Corp II Price Performance

RFAI traded down $0.03 during trading on Friday, reaching $11.06. 5,254 shares of the company’s stock were exchanged, compared to its average volume of 48,014. RF Acquisition Corp II has a fifty-two week low of $10.58 and a fifty-two week high of $11.44. The company’s fifty day moving average price is $11.05 and its 200-day moving average price is $10.96.

Hedge Funds Weigh In On RF Acquisition Corp II

Several institutional investors have recently modified their holdings of the business. Clear Street Group Inc. increased its stake in RF Acquisition Corp II by 4,466.7% during the 4th quarter. Clear Street Group Inc. now owns 9,179 shares of the company’s stock worth $99,000 after purchasing an additional 8,978 shares in the last quarter. Susquehanna International Group LLP acquired a new stake in RF Acquisition Corp II during the 3rd quarter worth approximately $132,000. Finally, Shaolin Capital Management LLC bought a new position in RF Acquisition Corp II in the third quarter valued at approximately $940,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of RF Acquisition Corp II in a research note on Wednesday, May 13th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

About RF Acquisition Corp II

RF Acquisition Corp. II operates as a blank check company. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company was founded on February 5, 2024, and is headquartered in Singapore.