RF Acquisition Corp II (NASDAQ:RFAI) Stock Rating Raised to Sell at Wall Street Zen

Wall Street Zen upgraded shares of RF Acquisition Corp II (NASDAQ:RFAI – Free Report) to a sell rating in a report released on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings raised RF Acquisition Corp II from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

View Our Latest Report on RFAI

RF Acquisition Corp II Stock Performance

Shares of RFAI opened at $38.81 on Friday. RF Acquisition Corp II has a one year low of $8.94 and a one year high of $73.00. The stock has a 50-day moving average of $31.69 and a 200-day moving average of $18.24.

RF Acquisition Corp II (NASDAQ:RFAI – Get Free Report) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.01 earnings per share for the quarter.

Hedge Funds Weigh In On RF Acquisition Corp II

A hedge fund recently raised its position in RF Acquisition Corp II stock. Clear Street Group Inc. grew its stake in shares of RF Acquisition Corp II (NASDAQ:RFAI – Free Report) by 4,466.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 9,179 shares of the company’s stock after purchasing an additional 8,978 shares during the period. Clear Street Group Inc. owned about 0.06% of RF Acquisition Corp II worth $99,000 as of its most recent filing with the SEC.

RF Acquisition Corp II Company Profile

(Get Free Report)

RF Acquisition Corp. II is a special purpose acquisition company (SPAC) formed to identify and combine with one or more private businesses through a merger, share exchange, asset acquisition, reorganization or similar transaction. The company does not operate a traditional commercial business and does not currently offer products or services of its own.

As a blank-check company, RF Acquisition Corp. II’s primary activity is evaluating potential business combination opportunities. The company may pursue a target in any industry or geographic region, subject to the terms of its governing documents and applicable regulations; publicly available information does not identify a completed acquisition or a specific target sector.

RF Acquisition Corp.

Further Reading

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