Tavia Acquisition (NASDAQ:TAVI) Announces Earnings Results

Tavia Acquisition (NASDAQ:TAVI) released its earnings results on Tuesday. The company reported $0.05 earnings per share for the quarter, FiscalAI reports.

Tavia Acquisition Stock Up 0.1%

Tavia Acquisition stock traded up $0.01 during trading on Tuesday, hitting $10.61. The company had a trading volume of 9,321 shares, compared to its average volume of 19,291. Tavia Acquisition has a 1-year low of $10.13 and a 1-year high of $10.72. The company’s 50 day simple moving average is $10.56 and its 200-day simple moving average is $10.49.

Institutional Trading of Tavia Acquisition

Several institutional investors have recently added to or reduced their stakes in the stock. Clear Street Group Inc. acquired a new position in shares of Tavia Acquisition in the third quarter worth $25,000. Concurrent Investment Advisors LLC purchased a new stake in Tavia Acquisition in the third quarter valued at $119,000. ABC Arbitrage SA purchased a new stake in Tavia Acquisition in the fourth quarter valued at $163,000. Radcliffe Capital Management L.P. purchased a new stake in Tavia Acquisition in the second quarter valued at $224,000. Finally, Moore Capital Management LP purchased a new stake in Tavia Acquisition in the second quarter valued at $514,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Tavia Acquisition in a research note on Thursday, April 2nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

About Tavia Acquisition

Tavia Acquisition Corp. is a blank check company, which engages in the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was founded on March 7, 2024 and is headquartered in Newark, DE.