Apex Technology Acquisition (NASDAQ:APXT) Announces Quarterly Earnings Results

Apex Technology Acquisition (NASDAQ:APXT) announced its quarterly earnings data on Tuesday. The company reported $0.03 earnings per share (EPS) for the quarter, FiscalAI reports.

Apex Technology Acquisition Price Performance

NASDAQ APXT opened at $10.12 on Thursday. Apex Technology Acquisition has a fifty-two week low of $9.87 and a fifty-two week high of $10.19. The firm’s fifty day moving average price is $10.08 and its two-hundred day moving average price is $10.01.

Hedge Funds Weigh In On Apex Technology Acquisition

A number of institutional investors and hedge funds have recently bought and sold shares of APXT. Meteora Capital LLC acquired a new position in shares of Apex Technology Acquisition in the fourth quarter valued at approximately $27,093,000. Adage Capital Partners GP L.L.C. acquired a new stake in shares of Apex Technology Acquisition in the fourth quarter valued at about $22,252,000. Hudson Bay Capital Management LP bought a new position in shares of Apex Technology Acquisition during the fourth quarter worth about $11,508,000. HighTower Advisors LLC acquired a new position in shares of Apex Technology Acquisition in the fourth quarter worth approximately $11,272,000. Finally, Wolverine Asset Management LLC bought a new stake in Apex Technology Acquisition in the fourth quarter valued at approximately $11,246,000. Institutional investors and hedge funds own 6.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on APXT shares. Weiss Ratings initiated coverage on shares of Apex Technology Acquisition in a research note on Tuesday, May 26th. They issued a “sell (e+)” rating on the stock. Wall Street Zen raised Apex Technology Acquisition to a “hold” rating in a report on Saturday, June 20th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

About Apex Technology Acquisition

Apex Technology Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the software and internet technology industries. The company was incorporated in 2019 and is based in Burlingame, California. Apex Technology Acquisition Corporation is a subsidiary of Apex Technology Sponsor LLC.