Armada Acquisition Corp. II (NASDAQ:XRPN) Posts Quarterly Earnings Results

Armada Acquisition Corp. II (NASDAQ:XRPN) posted its quarterly earnings data on Wednesday. The company reported $0.04 earnings per share for the quarter, FiscalAI reports.

Armada Acquisition Corp. II Stock Performance

Shares of XRPN remained flat at $10.43 during mid-day trading on Wednesday. The stock had a trading volume of 38,902 shares, compared to its average volume of 59,620. Armada Acquisition Corp. II has a fifty-two week low of $10.00 and a fifty-two week high of $10.91. The business’s fifty day moving average price is $10.34.

Analyst Ratings Changes

Separately, Weiss Ratings started coverage on Armada Acquisition Corp. II in a research report on Monday, January 26th. They set a “sell (e+)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Armada Acquisition Corp. II presently has an average rating of “Sell”.

Hedge Funds Weigh In On Armada Acquisition Corp. II

A number of hedge funds have recently modified their holdings of XRPN. Wolverine Asset Management LLC acquired a new stake in Armada Acquisition Corp. II during the 4th quarter valued at $1,058,000. Geode Capital Management LLC acquired a new stake in Armada Acquisition Corp. II during the 4th quarter valued at $155,000. Huntington National Bank acquired a new stake in Armada Acquisition Corp. II during the 4th quarter valued at $26,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Armada Acquisition Corp. II during the 4th quarter valued at $2,048,000. Finally, Periscope Capital Inc. acquired a new stake in Armada Acquisition Corp. II during the 4th quarter valued at $2,048,000. 27.95% of the stock is owned by institutional investors and hedge funds.

Armada Acquisition Corp. II Company Profile

Armada Acquisition Corp. II (NASDAQ: XRPN) is a special purpose acquisition company (SPAC), commonly known as a blank?check company, formed to raise capital through an initial public offering for the purpose of effecting a business combination. As a SPAC, the company does not operate an active commercial business; instead, its primary activity is identifying, negotiating and completing a merger, share exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more target companies.

Following its public listing, Armada Acquisition Corp.