PropTech Investment Co. II (OTCMKTS:PTICU – Get Free Report) shares traded up 13.6% on Friday. The company traded as high as $10.85 and last traded at $10.54. 2,100 shares changed hands during trading, a decline of 77% from the average session volume of 9,001 shares. The stock had previously closed at $9.28.
PropTech Investment Co. II Trading Up 13.6%
The company’s 50-day simple moving average is $10.54 and its 200-day simple moving average is $10.54.
About PropTech Investment Co. II
PropTech Investment Co II is a special purpose acquisition company, or blank-check company, formed to identify and combine with a business in the property technology sector. Its focus is on companies that use technology to improve real estate, property management, construction, housing, or related services.
Unlike an operating company, PropTech Investment Co II does not appear to offer its own products or services. Its principal activities have consisted of raising capital through a public offering, evaluating potential acquisition targets, and pursuing a business combination that could result in the target becoming a publicly traded company.
Publicly available information about the company’s operating history, geographic reach, and current leadership is limited.
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