Lake Superior Acquisition (NASDAQ:LKSP) Announces Earnings Results

Lake Superior Acquisition (NASDAQ:LKSP) announced its quarterly earnings data on Wednesday. The company reported $0.04 earnings per share (EPS) for the quarter, Zacks reports.

Lake Superior Acquisition Stock Up 0.0%

Shares of LKSP traded up $0.01 during trading hours on Friday, reaching $10.12. The stock had a trading volume of 30,526 shares, compared to its average volume of 38,861. Lake Superior Acquisition has a 52 week low of $9.89 and a 52 week high of $10.12. The company’s 50-day moving average is $10.06.

Analyst Ratings Changes

Separately, Weiss Ratings raised Lake Superior Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Lake Superior Acquisition has an average rating of “Sell”.

Institutional Trading of Lake Superior Acquisition

Hedge funds have recently bought and sold shares of the stock. Hudson Bay Capital Management LP acquired a new stake in Lake Superior Acquisition in the 4th quarter valued at approximately $4,175,000. Westchester Capital Management LLC bought a new position in shares of Lake Superior Acquisition during the 4th quarter worth approximately $1,988,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Lake Superior Acquisition in the fourth quarter valued at approximately $4,970,000. Heights Capital Management Inc. acquired a new stake in shares of Lake Superior Acquisition in the fourth quarter valued at approximately $2,087,000. Finally, Polar Asset Management Partners Inc. bought a new stake in shares of Lake Superior Acquisition in the fourth quarter worth $4,171,000.

Lake Superior Acquisition Company Profile

Lake Superior Acquisition Corp. (NASDAQ: LKSP) is a special purpose acquisition company (SPAC) formed to identify, acquire or merge with one or more businesses. As a blank?check vehicle, its principal purpose is to raise capital in the public markets and use those proceeds, typically held in trust, to complete a business combination that delivers an operating company to public investors.

The company’s primary activities center on sourcing, negotiating and consummating an initial business combination.