Artius II Acquisition (NASDAQ:AACB) Issues Earnings Results

Artius II Acquisition (NASDAQ:AACB) announced its quarterly earnings data on Wednesday. The company reported $0.01 EPS for the quarter, FiscalAI reports.

Artius II Acquisition Stock Up 0.3%

AACB stock traded up $0.03 during trading on Friday, reaching $10.41. The stock had a trading volume of 375,145 shares, compared to its average volume of 28,492. The stock’s 50 day moving average is $10.36 and its two-hundred day moving average is $10.32. Artius II Acquisition has a 52 week low of $9.95 and a 52 week high of $10.41.

Institutional Investors Weigh In On Artius II Acquisition

Several large investors have recently made changes to their positions in AACB. ABC Arbitrage SA purchased a new position in shares of Artius II Acquisition in the 4th quarter worth about $206,000. Clear Street Group Inc. bought a new stake in Artius II Acquisition in the third quarter worth about $387,000. Verition Fund Management LLC bought a new stake in Artius II Acquisition in the third quarter worth about $568,000. Wolverine Asset Management LLC boosted its stake in Artius II Acquisition by 4.8% in the third quarter. Wolverine Asset Management LLC now owns 66,628 shares of the company’s stock valued at $675,000 after acquiring an additional 3,070 shares during the last quarter. Finally, Meteora Capital LLC bought a new position in shares of Artius II Acquisition during the 4th quarter valued at approximately $729,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Artius II Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

About Artius II Acquisition

Artius II Acquisition Corp. (NASDAQ: AACB) is a blank?check company formed in June 2020 by Artius Capital Partners. The firm’s sole purpose is to identify and complete a business combination through mergers, capital stock exchanges, asset acquisitions or similar transactions. It completed its initial public offering on the Nasdaq and its units, common shares and warrants trade under the AACB symbol.

The company is sponsored by Artius Capital Partners, a private equity and corporate finance firm based in New York with additional offices in London.