Twelve Seas Investment Company II (NASDAQ:TWLV) Trading Up 0.1% – Time to Buy?

Shares of Twelve Seas Investment Company II (NASDAQ:TWLV) rose 0.1% during mid-day trading on Thursday . The company traded as high as $9.99 and last traded at $9.9950. 20,035 shares changed hands during trading, an increase of 109% from the average daily volume of 9,604 shares. The stock had previously closed at $9.99.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Twelve Seas Investment Company II from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Twelve Seas Investment Company II Stock Up 0.1%

The stock has a market capitalization of $234.28 million and a P/E ratio of 166.58. The business’s 50 day simple moving average is $9.97 and its two-hundred day simple moving average is $10.02.

Twelve Seas Investment Company II (NASDAQ:TWLV) last posted its earnings results on Friday, May 15th. The company reported $0.06 EPS for the quarter.

About Twelve Seas Investment Company II

Twelve Seas Investment Company II does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Twelve Seas Investment Company II was incorporated in 2020 and is based in New York, New York.