Rising Dragon Acquisition (NASDAQ:RDAC) Announces Earnings Results

Rising Dragon Acquisition (NASDAQ:RDAC) announced its quarterly earnings results on Thursday. The company reported $0.07 earnings per share for the quarter, FiscalAI reports.

Rising Dragon Acquisition Stock Performance

Shares of NASDAQ RDAC traded up $0.04 during mid-day trading on Thursday, reaching $11.28. 6,485 shares of the company were exchanged, compared to its average volume of 354,743. The company’s 50-day simple moving average is $6.21 and its 200-day simple moving average is $6.33. Rising Dragon Acquisition has a twelve month low of $4.13 and a twelve month high of $23.99.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Rising Dragon Acquisition in a research report on Friday, September 25th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company has an average rating of “Sell”.

About Rising Dragon Acquisition

Rising Dragon Acquisition Corp. is a special purpose acquisition company (SPAC) listed on the Nasdaq Capital Market under the symbol RDAC. The company was formed to identify and complete a business combination with one or more operating businesses. Unlike an operating company, Rising Dragon Acquisition Corp. does not have an established portfolio of products or commercial services. Its principal activities generally involve evaluating potential merger, acquisition, share exchange, asset purchase, or similar transactions that could result in the combined company becoming a publicly traded business.