Idea Acquisition (NASDAQ:IACO) Issues Quarterly Earnings Results

Idea Acquisition (NASDAQ:IACO) issued its quarterly earnings results on Friday. The company reported $0.07 earnings per share (EPS) for the quarter, FiscalAI reports.

Idea Acquisition Price Performance

Shares of NASDAQ IACO traded up $0.01 during mid-day trading on Friday, hitting $10.02. 100,328 shares of the company were exchanged, compared to its average volume of 109,985. The stock has a 50 day simple moving average of $10.00 and a 200-day simple moving average of $9.94. Idea Acquisition has a 1-year low of $9.78 and a 1-year high of $10.05.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of Idea Acquisition in a research report on Thursday. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

About Idea Acquisition

Idea Acquisition is a special purpose acquisition company (SPAC), rather than an operating business with its own products or services. Its primary purpose is to identify and complete a merger, acquisition, share exchange or similar business combination with another company. If it completes a transaction, the acquired business may become part of a publicly traded company. Until then, Idea Acquisition’s activities center on seeking a suitable business combination. Available information does not establish a specific industry or geographic focus, or provide reliable details about the company’s leadership.