Shares of Apex Technology Acquisition Co. (NASDAQ:APXT – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $10.03 and last traded at $10.03, with a volume of 20291 shares changing hands. The stock had previously closed at $10.03.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings assumed coverage on Apex Technology Acquisition in a research report on Tuesday. They set a “sell (e+)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.
Check Out Our Latest Stock Analysis on APXT
Apex Technology Acquisition Stock Performance
Apex Technology Acquisition (NASDAQ:APXT – Get Free Report) last issued its quarterly earnings results on Thursday, March 26th. The company reported $0.09 earnings per share (EPS) for the quarter.
Hedge Funds Weigh In On Apex Technology Acquisition
A number of hedge funds have recently modified their holdings of APXT. Meteora Capital LLC acquired a new position in shares of Apex Technology Acquisition in the 4th quarter worth $27,093,000. Adage Capital Partners GP L.L.C. acquired a new position in shares of Apex Technology Acquisition in the 4th quarter worth $22,252,000. Hudson Bay Capital Management LP acquired a new position in shares of Apex Technology Acquisition in the 4th quarter worth $11,508,000. HighTower Advisors LLC acquired a new position in shares of Apex Technology Acquisition in the 4th quarter worth $11,272,000. Finally, Wolverine Asset Management LLC acquired a new position in shares of Apex Technology Acquisition in the 4th quarter worth $11,246,000. 6.01% of the stock is currently owned by institutional investors and hedge funds.
About Apex Technology Acquisition
Apex Technology Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the software and internet technology industries. The company was incorporated in 2019 and is based in Burlingame, California. Apex Technology Acquisition Corporation is a subsidiary of Apex Technology Sponsor LLC.
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