Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) Issues Quarterly Earnings Results

Newbury Street II Acquisition Corp – Class A Ordinary Shares (NASDAQ:NTWO) issued its earnings results on Thursday. The company reported $0.01 earnings per share for the quarter, FiscalAI reports.

Newbury Street II Acquisition Corp – Class A Ordinary Shares Stock Performance

Shares of NASDAQ NTWO remained flat at $10.71 during midday trading on Friday. The stock had a trading volume of 8 shares, compared to its average volume of 14,654. Newbury Street II Acquisition Corp – Class A Ordinary Shares has a fifty-two week low of $10.29 and a fifty-two week high of $10.74. The business’s fifty day moving average is $10.69 and its 200 day moving average is $10.60.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares in a research report on Tuesday, June 9th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Newbury Street II Acquisition Corp – Class A Ordinary Shares

Several institutional investors have recently bought and sold shares of the stock. Citadel Advisors LLC bought a new stake in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares during the 3rd quarter worth about $106,000. ABC Arbitrage SA bought a new stake in Newbury Street II Acquisition Corp – Class A Ordinary Shares in the fourth quarter worth about $209,000. Wolverine Asset Management LLC lifted its position in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares by 6.9% during the 4th quarter. Wolverine Asset Management LLC now owns 1,076,270 shares of the company’s stock valued at $11,225,000 after acquiring an additional 69,653 shares during the last quarter. Radcliffe Capital Management L.P. grew its holdings in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares by 21.6% in the 4th quarter. Radcliffe Capital Management L.P. now owns 414,038 shares of the company’s stock worth $4,318,000 after acquiring an additional 73,601 shares during the last quarter. Finally, L1 Global Manager Pty Ltd acquired a new stake in shares of Newbury Street II Acquisition Corp – Class A Ordinary Shares during the fourth quarter worth $1,043,000.

About Newbury Street II Acquisition Corp – Class A Ordinary Shares

Newbury Street II Acquisition Corp is a blank check company incorporated in Delaware in 2021 for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a special purpose acquisition company (SPAC), it does not currently engage in commercial operations and intends to identify and acquire a target company.

The company completed its initial public offering and listing of its Class A ordinary shares on the Nasdaq under the symbol NTWO in early 2021.