Twelve Seas Investment Company II (NASDAQ:TWLV) Releases Earnings Results

Twelve Seas Investment Company II (NASDAQ:TWLV) posted its quarterly earnings data on Monday. The company reported $0.06 earnings per share for the quarter, Zacks reports.

Twelve Seas Investment Company II Price Performance

Twelve Seas Investment Company II stock opened at $10.05 on Wednesday. The company has a market cap of $235.55 million and a price-to-earnings ratio of 167.50. The firm has a 50-day moving average of $10.01 and a 200-day moving average of $9.96. Twelve Seas Investment Company II has a one year low of $9.84 and a one year high of $10.38.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Twelve Seas Investment Company II from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Twelve Seas Investment Company II Company Profile

Twelve Seas Investment Company II does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Twelve Seas Investment Company II was incorporated in 2020 and is based in New York, New York.