Black Hawk Acquisition (NASDAQ:BKHA) Shares Up 0.8% – Time to Buy?

Black Hawk Acquisition Corporation (NASDAQ:BKHA)’s stock price rose 0.8% during mid-day trading on Thursday . The stock traded as high as $13.09 and last traded at $12.0090. 3,521 shares changed hands during mid-day trading, an increase of 188% from the average daily volume of 1,222 shares. The stock had previously closed at $11.91.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Black Hawk Acquisition in a report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Black Hawk Acquisition has a consensus rating of “Sell”.

Black Hawk Acquisition Stock Performance

The business’s 50-day simple moving average is $11.83 and its 200 day simple moving average is $11.66.

Black Hawk Acquisition (NASDAQ:BKHA) last posted its quarterly earnings data on Monday, April 20th. The company reported $0.03 earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Black Hawk Acquisition

Several hedge funds have recently modified their holdings of the company. Meteora Capital LLC bought a new stake in shares of Black Hawk Acquisition in the 3rd quarter worth $1,111,000. Crossingbridge Advisors LLC bought a new position in Black Hawk Acquisition during the third quarter valued at about $588,000. Clear Street Group Inc. bought a new position in Black Hawk Acquisition during the third quarter valued at about $588,000. Finally, Quarry LP acquired a new position in Black Hawk Acquisition during the third quarter worth about $112,000.

Black Hawk Acquisition Company Profile

Black Hawk Acquisition Corp. is a special purpose acquisition company (SPAC) formed to effect a merger, stock purchase, asset acquisition, stock exchange or similar business combination with one or more businesses. Incorporated in Delaware, the company was created to raise capital through an initial public offering and to seek a target business that can benefit from its public listing and access to growth capital.

Since its listing on the NASDAQ under the ticker BKHA, Black Hawk Acquisition has focused on identifying businesses in sectors such as technology, industrials, consumer and financial services.