Quetta Acquisition (NASDAQ:QETA) Earns “Sell (D+)” Rating from Weiss Ratings

Quetta Acquisition (NASDAQ:QETA)‘s stock had its “sell (d+)” rating reissued by equities research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Quetta Acquisition Stock Performance

NASDAQ QETA opened at $11.18 on Wednesday. The stock’s 50 day simple moving average is $10.93 and its 200-day simple moving average is $10.82. Quetta Acquisition has a 1-year low of $10.37 and a 1-year high of $12.09.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Clear Street LLC raised its stake in shares of Quetta Acquisition by 185.1% in the second quarter. Clear Street LLC now owns 17,577 shares of the company’s stock valued at $191,000 after acquiring an additional 11,411 shares in the last quarter. Mizuho Securities USA LLC purchased a new stake in Quetta Acquisition during the 1st quarter worth about $867,000. Crossingbridge Advisors LLC acquired a new stake in shares of Quetta Acquisition during the first quarter worth about $898,000. Finally, Wolverine Asset Management LLC increased its position in shares of Quetta Acquisition by 2.5% during the second quarter. Wolverine Asset Management LLC now owns 157,458 shares of the company’s stock worth $1,710,000 after purchasing an additional 3,769 shares in the last quarter. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

Quetta Acquisition Company Profile

Quetta Acquisition Corporation focuses on effecting a merger, capital stock exchange, share purchase, asset acquisition, recapitalization, reorganization, or related business combination with one or more businesses. It intends to focus on financial technology sector in Asia. The company was incorporated in 2023 and is based in New York, New York.