Tavia Acquisition (NASDAQ:TAVI) Releases Quarterly Earnings Results

Tavia Acquisition (NASDAQ:TAVI) issued its quarterly earnings data on Wednesday. The company reported ($0.03) earnings per share for the quarter, FiscalAI reports.

Tavia Acquisition Trading Up 0.1%

Shares of Tavia Acquisition stock traded up $0.01 during trading on Friday, reaching $10.70. The company’s stock had a trading volume of 12,825 shares, compared to its average volume of 1,622. The business’s 50-day moving average price is $10.73 and its 200-day moving average price is $10.62. Tavia Acquisition has a 52 week low of $10.27 and a 52 week high of $11.91.

Institutional Investors Weigh In On Tavia Acquisition

Hedge funds and other institutional investors have recently made changes to their positions in the business. ABC Arbitrage SA acquired a new stake in Tavia Acquisition during the fourth quarter worth approximately $163,000. Radcliffe Capital Management L.P. bought a new stake in shares of Tavia Acquisition during the 2nd quarter valued at $224,000. Moore Capital Management LP bought a new stake in shares of Tavia Acquisition during the 2nd quarter valued at $514,000. Mangrove Partners IM LLC grew its holdings in shares of Tavia Acquisition by 4.7% during the 3rd quarter. Mangrove Partners IM LLC now owns 56,411 shares of the company’s stock worth $583,000 after purchasing an additional 2,511 shares in the last quarter. Finally, Sona Asset Management US LLC acquired a new stake in shares of Tavia Acquisition during the 1st quarter worth $1,056,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Tavia Acquisition in a research note on Tuesday, June 30th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Tavia Acquisition Company Profile

Tavia Acquisition Corp. is a blank check company, which engages in the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was founded on March 7, 2024 and is headquartered in Newark, DE.