D. Boral ARC Acquisition I (NASDAQ:BCAR) Releases Quarterly Earnings Results

D. Boral ARC Acquisition I (NASDAQ:BCAR) announced its quarterly earnings data on Friday. The company reported $0.05 earnings per share for the quarter, FiscalAI reports.

D. Boral ARC Acquisition I Stock Down 2.6%

Shares of D. Boral ARC Acquisition I stock traded down $0.16 on Friday, hitting $5.90. The stock had a trading volume of 78,550 shares, compared to its average volume of 581,382. D. Boral ARC Acquisition I has a one year low of $4.00 and a one year high of $11.17. The stock’s 50-day simple moving average is $8.99 and its two-hundred day simple moving average is $9.83.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of D. Boral ARC Acquisition I from a “sell (e+)” rating to a “sell (e)” rating in a research note on Tuesday, July 28th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, D. Boral ARC Acquisition I currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On D. Boral ARC Acquisition I

Large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new stake in shares of D. Boral ARC Acquisition I in the fourth quarter worth about $127,000. Heights Capital Management Inc. purchased a new stake in D. Boral ARC Acquisition I in the 4th quarter worth approximately $248,000. PenderFund Capital Management Ltd. purchased a new stake in D. Boral ARC Acquisition I in the 4th quarter worth approximately $295,000. ABC Arbitrage SA bought a new stake in shares of D. Boral ARC Acquisition I in the 4th quarter worth approximately $351,000. Finally, Stoic Point Capital Management LLC purchased a new position in shares of D. Boral ARC Acquisition I during the fourth quarter valued at approximately $531,000. Institutional investors own 4.33% of the company’s stock.

About D. Boral ARC Acquisition I

D. Boral ARC Acquisition I (NASDAQ: BCAR) is a special purpose acquisition company (SPAC), commonly referred to as a blank?check company, formed to raise capital through a public offering and to effect a merger, share exchange, asset acquisition or similar business combination with one or more operating businesses. As a SPAC, its primary activity is identifying and negotiating a business combination rather than conducting commercial operations itself.

Publicly available disclosures do not identify a confirmed target company, a specific industry focus or detailed information about the company’s leadership and sponsors in widely accessible sources.