Gesher Acquisition Corp. II (NASDAQ:GSHR) Announces Earnings Results

Gesher Acquisition Corp. II (NASDAQ:GSHR) posted its quarterly earnings data on Thursday. The company reported $0.05 EPS for the quarter, FiscalAI reports.

Gesher Acquisition Corp. II Stock Performance

Shares of GSHR traded up $0.01 during mid-day trading on Friday, reaching $10.52. 124 shares of the company’s stock traded hands, compared to its average volume of 62,556. The firm’s 50-day moving average is $10.46. Gesher Acquisition Corp. II has a 12 month low of $9.51 and a 12 month high of $11.20.

Institutional Investors Weigh In On Gesher Acquisition Corp. II

A number of institutional investors and hedge funds have recently modified their holdings of GSHR. Sona Asset Management US LLC bought a new position in shares of Gesher Acquisition Corp. II in the first quarter worth about $1,810,000. Radcliffe Capital Management L.P. lifted its holdings in Gesher Acquisition Corp. II by 34.6% during the 4th quarter. Radcliffe Capital Management L.P. now owns 227,045 shares of the company’s stock valued at $2,331,000 after buying an additional 58,339 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Gesher Acquisition Corp. II during the 4th quarter valued at about $4,107,000. Glazer Capital LLC boosted its position in Gesher Acquisition Corp. II by 12.2% in the 4th quarter. Glazer Capital LLC now owns 224,254 shares of the company’s stock valued at $2,302,000 after buying an additional 24,299 shares during the period. Finally, Meteora Capital LLC purchased a new stake in Gesher Acquisition Corp. II in the 4th quarter valued at about $437,000.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Gesher Acquisition Corp. II in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Gesher Acquisition Corp. II Company Profile

Gesher Acquisition Corp. II (NASDAQ: GSHR) is a special purpose acquisition company (SPAC) listed on the Nasdaq Stock Market. As a blank‑check vehicle, the company’s principal business activity is to identify, negotiate and complete a business combination with one or more operating businesses. Like other SPACs, it was created to use public capital markets as a mechanism to bring a private target company public via a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination.

Gesher Acquisition Corp.