Artius II Acquisition (NASDAQ:AACB) Shares Up 0% – Time to Buy?

Artius II Acquisition Inc. (NASDAQ:AACB) shares traded up 0% during trading on Friday . The company traded as high as $10.53 and last traded at $10.5150. Approximately 10,461 shares were traded during trading, a decline of 63% from the average daily volume of 27,921 shares. The stock had previously closed at $10.51.

Analyst Upgrades and Downgrades

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

Artius II Acquisition Stock Performance

The company has a fifty day moving average price of $10.48 and a 200-day moving average price of $10.39.

Artius II Acquisition (NASDAQ:AACB) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.01 EPS for the quarter.

Institutional Investors Weigh In On Artius II Acquisition

Several institutional investors and hedge funds have recently modified their holdings of AACB. Sculptor Capital LP bought a new stake in Artius II Acquisition in the second quarter worth $14,168,000. Hudson Bay Capital Management LP acquired a new stake in shares of Artius II Acquisition in the fourth quarter worth about $5,665,000. Moore Capital Management LP acquired a new stake in shares of Artius II Acquisition in the second quarter worth about $5,060,000. Mangrove Partners IM LLC bought a new stake in shares of Artius II Acquisition during the 3rd quarter worth about $4,581,000. Finally, Radcliffe Capital Management L.P. increased its holdings in shares of Artius II Acquisition by 142.5% during the 3rd quarter. Radcliffe Capital Management L.P. now owns 650,000 shares of the company’s stock valued at $6,598,000 after acquiring an additional 381,998 shares during the last quarter.

Artius II Acquisition Company Profile

Artius II Acquisition Corp. (NASDAQ: AACB) is a blank?check company formed in June 2020 by Artius Capital Partners. The firm’s sole purpose is to identify and complete a business combination through mergers, capital stock exchanges, asset acquisitions or similar transactions. It completed its initial public offering on the Nasdaq and its units, common shares and warrants trade under the AACB symbol.

The company is sponsored by Artius Capital Partners, a private equity and corporate finance firm based in New York with additional offices in London.