Range Capital Acquisition Corp II (NASDAQ:RNGT) Posts Quarterly Earnings Results

Range Capital Acquisition Corp II (NASDAQ:RNGT) issued its quarterly earnings results on Friday. The company reported $0.06 earnings per share (EPS) for the quarter, FiscalAI reports.

Range Capital Acquisition Corp II Stock Performance

Range Capital Acquisition Corp II stock traded up $0.02 during trading on Friday, reaching $10.24. 264 shares of the company were exchanged, compared to its average volume of 97,636. Range Capital Acquisition Corp II has a 52-week low of $9.90 and a 52-week high of $10.22. The firm’s 50 day moving average price is $10.19.

Hedge Funds Weigh In On Range Capital Acquisition Corp II

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rivernorth Capital Management LLC acquired a new stake in shares of Range Capital Acquisition Corp II in the 1st quarter worth $3,995,000. Wealthspring Capital LLC purchased a new position in shares of Range Capital Acquisition Corp II during the 3rd quarter worth $3,658,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Range Capital Acquisition Corp II during the 1st quarter valued at about $3,000,000. Periscope Capital Inc. acquired a new position in shares of Range Capital Acquisition Corp II during the 3rd quarter valued at about $2,293,000. Finally, Sona Asset Management US LLC acquired a new position in shares of Range Capital Acquisition Corp II during the 1st quarter valued at about $1,096,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Range Capital Acquisition Corp II in a research report on Friday, October 30th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

About Range Capital Acquisition Corp II

Range Capital Acquisition Corp II is a special purpose acquisition company, or SPAC, formed to pursue a merger, acquisition or similar business combination with an operating company. As a SPAC, it does not have an established portfolio of products or services of its own. Its business is to identify a suitable company and complete a transaction that would bring that business into the public markets. Further details about its target industries, geographic focus and leadership are not included here because reliable information about those specifics is not available.