Berto Acquisition (NASDAQ:TACO) Shares Pass Above 50-Day Moving Average – Time to Sell?

Berto Acquisition Corp. (NASDAQ:TACO)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $10.24 and traded as high as $10.36. Berto Acquisition shares last traded at $10.36, with a volume of 268,196 shares trading hands.

Wall Street Analysts Forecast Growth

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

Berto Acquisition Stock Up 0.1%

The company has a 50 day moving average of $10.24 and a 200 day moving average of $10.22.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Geode Capital Management LLC acquired a new stake in shares of Berto Acquisition in the 2nd quarter valued at $792,000. JPMorgan Chase & Co. acquired a new position in Berto Acquisition during the second quarter worth $1,162,000. Shaolin Capital Management LLC bought a new position in Berto Acquisition during the second quarter valued at about $1,303,000. TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new stake in shares of Berto Acquisition in the second quarter worth about $8,336,000. Finally, Jane Street Group LLC acquired a new stake in shares of Berto Acquisition in the second quarter worth about $191,000.

About Berto Acquisition

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.