Eureka Acquisition (NASDAQ:EURK) Announces Earnings Results

Eureka Acquisition (NASDAQ:EURK) announced its earnings results on Thursday. The company reported $0.12 earnings per share for the quarter, FiscalAI reports.

Eureka Acquisition Stock Down 2.4%

NASDAQ EURK traded down $0.28 during trading on Thursday, reaching $11.71. 170 shares of the company’s stock were exchanged, compared to its average volume of 13,051. The company has a 50 day moving average price of $11.62 and a two-hundred day moving average price of $11.36. Eureka Acquisition has a 1 year low of $10.57 and a 1 year high of $14.28.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Eureka Acquisition in a report on Monday, June 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Eureka Acquisition

Several hedge funds and other institutional investors have recently made changes to their positions in EURK. Berkley W R Corp lifted its stake in Eureka Acquisition by 3.2% during the first quarter. Berkley W R Corp now owns 315,488 shares of the company’s stock worth $3,578,000 after purchasing an additional 9,860 shares during the last quarter. Polar Asset Management Partners Inc. increased its stake in Eureka Acquisition by 193.0% in the first quarter. Polar Asset Management Partners Inc. now owns 167,000 shares of the company’s stock valued at $1,894,000 after purchasing an additional 110,000 shares during the last quarter. Meteora Capital LLC acquired a new stake in Eureka Acquisition during the third quarter worth approximately $1,386,000. Finally, Clear Street Group Inc. raised its holdings in Eureka Acquisition by 35.4% during the fourth quarter. Clear Street Group Inc. now owns 92,366 shares of the company’s stock worth $1,009,000 after purchasing an additional 24,135 shares in the last quarter.

About Eureka Acquisition

Eureka Acquisition Co (NASDAQ: EURK) is a special purpose acquisition company (SPAC) incorporated in Delaware in 2021. As a blank?check vehicle, the company raised capital through an initial public offering to pursue mergers, acquisitions or other business combinations. Eureka Acquisition does not engage in any operational business activities of its own and has not yet announced a definitive target or transaction.

The company’s charter provides a fixed time frame—typically 24 to 36 months—to identify and complete a qualifying business combination.