Chenghe Acquisition III (NASDAQ:CHEC) Stock Price Up 0.3% – What’s Next?

Chenghe Acquisition III Co. (NASDAQ:CHEC) shares traded up 0.3% during trading on Thursday. The stock traded as high as $10.29 and last traded at $10.3040. 4,506 shares traded hands during trading, a decline of 82% from the average session volume of 25,179 shares. The stock had previously closed at $10.27.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Chenghe Acquisition III from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock has an average rating of “Sell”.

Chenghe Acquisition III Stock Up 0.3%

The company’s 50 day moving average price is $10.28 and its two-hundred day moving average price is $10.19.

Chenghe Acquisition III (NASDAQ:CHEC) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.05 earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Chenghe Acquisition III

A number of large investors have recently added to or reduced their stakes in CHEC. Rivernorth Capital Management LLC purchased a new stake in Chenghe Acquisition III during the first quarter valued at approximately $3,972,000. Aristeia Capital L.L.C. acquired a new position in shares of Chenghe Acquisition III during the fourth quarter worth $3,863,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Chenghe Acquisition III during the first quarter worth $3,530,000. Radcliffe Capital Management L.P. purchased a new stake in shares of Chenghe Acquisition III during the 4th quarter valued at $2,991,000. Finally, Sona Asset Management US LLC purchased a new stake in shares of Chenghe Acquisition III during the 1st quarter valued at $2,382,000.

About Chenghe Acquisition III