Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) Issues Earnings Results

Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) announced its quarterly earnings data on Thursday. The company reported $0.01 earnings per share for the quarter, FiscalAI reports.

Newbury Street II Acquisition Corp – Class A Ordinary Shares Price Performance

Shares of NASDAQ NTWO remained flat at $10.71 on Friday. The stock had a trading volume of 16 shares, compared to its average volume of 14,654. Newbury Street II Acquisition Corp – Class A Ordinary Shares has a 52 week low of $10.29 and a 52 week high of $10.74. The company has a 50-day moving average price of $10.69 and a 200 day moving average price of $10.60.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares in a research report on Tuesday, June 9th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Newbury Street II Acquisition Corp – Class A Ordinary Shares currently has an average rating of “Sell”.

Hedge Funds Weigh In On Newbury Street II Acquisition Corp – Class A Ordinary Shares

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Hudson Bay Capital Management LP purchased a new stake in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares during the second quarter valued at approximately $8,995,000. Goldman Sachs Group Inc. acquired a new position in Newbury Street II Acquisition Corp – Class A Ordinary Shares in the 1st quarter worth $4,396,000. Whitebox Advisors LLC acquired a new position in Newbury Street II Acquisition Corp – Class A Ordinary Shares in the 2nd quarter worth $3,859,000. Radcliffe Capital Management L.P. purchased a new position in Newbury Street II Acquisition Corp – Class A Ordinary Shares in the 2nd quarter valued at about $2,854,000. Finally, Moore Capital Management LP purchased a new position in Newbury Street II Acquisition Corp – Class A Ordinary Shares in the 2nd quarter valued at about $2,058,000.

About Newbury Street II Acquisition Corp – Class A Ordinary Shares

Newbury Street II Acquisition Corp is a blank check company incorporated in Delaware in 2021 for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a special purpose acquisition company (SPAC), it does not currently engage in commercial operations and intends to identify and acquire a target company.

The company completed its initial public offering and listing of its Class A ordinary shares on the Nasdaq under the symbol NTWO in early 2021.