New America Acquisition I (NYSE:NWAX) Stock Rating Upgraded by Wall Street Zen

New America Acquisition I (NYSE:NWAX) was upgraded by equities research analysts at Wall Street Zen to a “hold” rating in a note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings upgraded New America Acquisition I from a “sell (e)” rating to a “sell (e+)” rating in a report on Tuesday, August 18th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, New America Acquisition I presently has an average rating of “Sell”.

New America Acquisition I Stock Performance

New America Acquisition I stock opened at $10.07 on Friday. The company’s 50-day moving average is $10.14 and its 200-day moving average is $10.11. New America Acquisition I has a fifty-two week low of $9.68 and a fifty-two week high of $10.39.

About New America Acquisition I

New America Acquisition I Corp. is a special purpose acquisition company (SPAC) listed on the New York Stock Exchange under the symbol NWAX. The company was formed to pursue a business combination with one or more private companies.

Unlike an operating company, New America Acquisition I does not appear to manufacture products or provide ongoing commercial services. Its principal activities are evaluating potential merger, acquisition, or similar transactions and completing a transaction that would allow a private business to become publicly traded.

Publicly available information about the company’s specific acquisition criteria, geographic focus, operating history, and leadership is limited.