Helix Acquisition Corp. III (NASDAQ:HLXC) Announces Quarterly Earnings Results

Helix Acquisition Corp. III (NASDAQ:HLXC) released its quarterly earnings results on Friday. The company reported $0.07 earnings per share (EPS) for the quarter, FiscalAI reports.

Helix Acquisition Corp. III Price Performance

Shares of HLXC stock traded up $0.04 during trading hours on Friday, reaching $10.32. 1,426 shares of the company’s stock were exchanged, compared to its average volume of 51,107. Helix Acquisition Corp. III has a 1 year low of $10.11 and a 1 year high of $11.23. The stock’s fifty day moving average price is $10.47 and its two-hundred day moving average price is $10.39.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Helix Acquisition Corp. III from a “sell (e)” rating to a “sell (e+)” rating in a report on Thursday, August 27th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, Helix Acquisition Corp. III presently has an average rating of “Sell”.

Helix Acquisition Corp. III Company Profile

Helix Acquisition Corp. III is a special purpose acquisition company, or blank-check company. It was formed to pursue a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Unlike an operating company, Helix Acquisition Corp. III does not offer products or services of its own. Its principal activity is seeking and evaluating a potential business combination; the company’s future operations would depend on the business it ultimately joins with.