Flag Ship Acquisition (NASDAQ:FSHP) Announces Quarterly Earnings Results

Flag Ship Acquisition (NASDAQ:FSHP) announced its quarterly earnings data on Friday. The company reported $0.05 EPS for the quarter, FiscalAI reports.

Flag Ship Acquisition Trading Down 0.5%

Shares of Flag Ship Acquisition stock opened at $10.97 on Friday. Flag Ship Acquisition has a 52-week low of $10.41 and a 52-week high of $12.00. The company’s 50-day simple moving average is $11.00 and its 200-day simple moving average is $10.86.

Institutional Investors Weigh In On Flag Ship Acquisition

A number of institutional investors have recently added to or reduced their stakes in the business. Crossingbridge Advisors LLC acquired a new position in Flag Ship Acquisition during the 3rd quarter worth approximately $1,415,000. Clear Street Group Inc. acquired a new stake in shares of Flag Ship Acquisition in the 3rd quarter valued at approximately $77,000. Berkley W R Corp boosted its stake in shares of Flag Ship Acquisition by 8.4% in the first quarter. Berkley W R Corp now owns 434,420 shares of the company’s stock valued at $4,748,000 after buying an additional 33,482 shares in the last quarter. Finally, Toronto Dominion Bank purchased a new stake in shares of Flag Ship Acquisition in the fourth quarter valued at approximately $37,000.

About Flag Ship Acquisition

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.