Flag Ship Acquisition (NASDAQ:FSHP) Trading Up 0.3% – Still a Buy?

Flag Ship Acquisition Corporation (NASDAQ:FSHP) shares traded up 0.3% on Monday . The company traded as high as $11.23 and last traded at $11.2250. Approximately 85,011 shares changed hands during mid-day trading, an increase of 449,694% from the average session volume of 19 shares. The stock had previously closed at $11.19.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded Flag Ship Acquisition from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, June 11th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Flag Ship Acquisition currently has a consensus rating of “Sell”.

Flag Ship Acquisition Price Performance

The business’s 50 day moving average is $11.17 and its 200 day moving average is $11.03.

Flag Ship Acquisition (NASDAQ:FSHP) last announced its earnings results on Friday, May 29th. The company reported $0.05 earnings per share (EPS) for the quarter.

Insider Buying and Selling at Flag Ship Acquisition

In related news, major shareholder Mizuho Securities Usa Llc sold 85,000 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $11.23, for a total transaction of $954,550.00. Following the transaction, the insider directly owned 315,000 shares of the company’s stock, valued at approximately $3,537,450. The trade was a 21.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 39.06% of the company’s stock.

Institutional Investors Weigh In On Flag Ship Acquisition

An institutional investor recently bought a new position in Flag Ship Acquisition stock. Toronto Dominion Bank bought a new stake in shares of Flag Ship Acquisition Corporation (NASDAQ:FSHP) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,480 shares of the company’s stock, valued at approximately $37,000. Toronto Dominion Bank owned approximately 0.07% of Flag Ship Acquisition at the end of the most recent reporting period.

Flag Ship Acquisition Company Profile

Flag Ship Acquisition Corporation does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization with one or more businesses. The company intends to acquire businesses in Internet and high technology, financial technology, clean energy, health care, consumer and retail, energy and resources, food processing, manufacturing, and education sectors. Flag Ship Acquisition Corporation was incorporated in 2018 and is based in New York, New York.