Apex Technology Acquisition (NASDAQ:APXT) Hits New 1-Year High – Still a Buy?

Apex Technology Acquisition Co. (NASDAQ:APXT) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $10.02 and last traded at $10.02, with a volume of 27915 shares changing hands. The stock had previously closed at $10.02.

Apex Technology Acquisition Stock Performance

The stock has a 50 day simple moving average of $9.98 and a 200 day simple moving average of $10.21.

Apex Technology Acquisition (NASDAQ:APXT) last posted its earnings results on Thursday, March 26th. The company reported $0.09 earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Apex Technology Acquisition

A number of large investors have recently added to or reduced their stakes in APXT. Gritstone Asset Management LLC acquired a new position in Apex Technology Acquisition in the 4th quarter worth $494,000. Wolverine Asset Management LLC purchased a new stake in shares of Apex Technology Acquisition during the fourth quarter worth about $11,246,000. HighTower Advisors LLC acquired a new position in shares of Apex Technology Acquisition in the fourth quarter worth about $11,272,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Apex Technology Acquisition in the fourth quarter valued at about $3,956,000. Finally, Periscope Capital Inc. acquired a new stake in Apex Technology Acquisition during the 4th quarter valued at approximately $4,450,000. 6.01% of the stock is owned by institutional investors and hedge funds.

Apex Technology Acquisition Company Profile

Apex Technology Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the software and internet technology industries. The company was incorporated in 2019 and is based in Burlingame, California. Apex Technology Acquisition Corporation is a subsidiary of Apex Technology Sponsor LLC.