Perceptive Capital Solutions (NASDAQ:PCSC) Trading Down 0.3% – Should You Sell?

Perceptive Capital Solutions Corp. (NASDAQ:PCSC)’s stock price dropped 0.3% on Friday . The company traded as low as $11.15 and last traded at $11.17. Approximately 54,422 shares traded hands during trading, an increase of 152% from the average daily volume of 21,614 shares. The stock had previously closed at $11.20.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Perceptive Capital Solutions in a report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Perceptive Capital Solutions Trading Down 0.3%

The firm has a market capitalization of $99.54 million, a price-to-earnings ratio of 558.50 and a beta of 0.39. The business has a 50-day moving average price of $11.12 and a two-hundred day moving average price of $12.03.

Perceptive Capital Solutions (NASDAQ:PCSC) last issued its quarterly earnings data on Thursday, March 12th. The company reported ($0.06) earnings per share for the quarter.

Institutional Trading of Perceptive Capital Solutions

Several hedge funds have recently added to or reduced their stakes in the business. Aberdeen Group plc bought a new position in shares of Perceptive Capital Solutions in the fourth quarter worth $4,512,000. J. Goldman & Co LP bought a new stake in shares of Perceptive Capital Solutions during the fourth quarter valued at about $2,867,000. ADAR1 Capital Management LLC raised its stake in shares of Perceptive Capital Solutions by 160.9% during the fourth quarter. ADAR1 Capital Management LLC now owns 1,956,720 shares of the company’s stock valued at $25,496,000 after purchasing an additional 1,206,720 shares in the last quarter. Farallon Capital Management LLC acquired a new stake in Perceptive Capital Solutions in the fourth quarter worth about $29,318,000. Finally, Sculptor Capital LP lifted its holdings in Perceptive Capital Solutions by 0.5% in the second quarter. Sculptor Capital LP now owns 415,090 shares of the company’s stock worth $4,408,000 after purchasing an additional 2,243 shares during the period.

About Perceptive Capital Solutions

Perceptive Capital Solutions Corp is a blank check company. It formed for the purpose of entering into a combination with one or more businesses or entities. Perceptive Capital Solutions Corp is based in NEW YORK.