Sizzle Acquisition Corp. II (NASDAQ:SZZL) Posts Quarterly Earnings Results

Sizzle Acquisition Corp. II (NASDAQ:SZZL) announced its quarterly earnings results on Thursday. The company reported $0.05 EPS for the quarter, FiscalAI reports.

Sizzle Acquisition Corp. II Stock Performance

NASDAQ:SZZL traded down $0.01 during trading hours on Friday, reaching $10.32. The stock had a trading volume of 22,987 shares, compared to its average volume of 103,215. Sizzle Acquisition Corp. II has a 52 week low of $9.21 and a 52 week high of $10.50. The company has a 50 day moving average price of $10.28 and a two-hundred day moving average price of $10.23.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sizzle Acquisition Corp. II in a research note on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Sizzle Acquisition Corp. II presently has an average rating of “Sell”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Rangeley Capital LLC purchased a new position in shares of Sizzle Acquisition Corp. II during the first quarter worth $103,000. Millennium Management LLC boosted its position in shares of Sizzle Acquisition Corp. II by 1.8% during the fourth quarter. Millennium Management LLC now owns 712,500 shares of the company’s stock worth $7,239,000 after buying an additional 12,500 shares during the period. Lineage Point Capital LP purchased a new position in shares of Sizzle Acquisition Corp. II during the fourth quarter worth $254,000. PenderFund Capital Management Ltd. purchased a new position in shares of Sizzle Acquisition Corp. II during the fourth quarter worth $443,000. Finally, Meteora Capital LLC purchased a new position in shares of Sizzle Acquisition Corp. II during the fourth quarter worth $592,000.

About Sizzle Acquisition Corp. II

Sizzle Acquisition Corp. does not have significant operations. The company intends to focus on entering into merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It focuses on investing in the restaurant, hospitality, food and beverage, retail, consumer, food and food related technology, and real estate industries. The company was incorporated in 2020 and is based in Washington, the District of Columbia.