Tavia Acquisition (NASDAQ:TAVI) Shares Down 0.2% – Should You Sell?

Tavia Acquisition Corp. (NASDAQ:TAVI)’s stock price fell 0.2% on Tuesday. The stock traded as low as $10.85 and last traded at $10.85. Approximately 36,232 shares traded hands during mid-day trading, an increase of 821% from the average session volume of 3,935 shares. The stock had previously closed at $10.87.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Tavia Acquisition from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, August 18th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the company currently has an average rating of “Sell”.

Tavia Acquisition Stock Down 0.2%

The company’s fifty day simple moving average is $10.80 and its two-hundred day simple moving average is $10.67.

Tavia Acquisition (NASDAQ:TAVI) last announced its quarterly earnings results on Wednesday, August 12th. The company reported ($0.03) earnings per share for the quarter.

Institutional Trading of Tavia Acquisition

A hedge fund recently bought a new position in Tavia Acquisition stock. Sona Asset Management US LLC acquired a new position in shares of Tavia Acquisition Corp. (NASDAQ:TAVI) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 100,000 shares of the company’s stock, valued at approximately $1,056,000. Sona Asset Management US LLC owned 0.87% of Tavia Acquisition at the end of the most recent quarter.

Tavia Acquisition Company Profile

Tavia Acquisition Corp. is a special purpose acquisition company (SPAC) incorporated to identify and complete a business combination with one or more operating companies. The company does not have significant ongoing commercial operations of its own and was established to raise capital through a public offering for the purpose of pursuing a merger, share exchange, asset acquisition, or similar transaction. Like other SPACs, Tavia Acquisition typically places funds raised from investors into a trust account while its management team searches for a suitable acquisition target.