Charlton Aria Acquisition (NASDAQ:CHAR) Issues Quarterly Earnings Results

Charlton Aria Acquisition (NASDAQ:CHAR) posted its earnings results on Thursday. The company reported $0.01 EPS for the quarter, FiscalAI reports.

Charlton Aria Acquisition Price Performance

NASDAQ CHAR traded up $0.02 during mid-day trading on Thursday, reaching $10.98. The stock had a trading volume of 463 shares, compared to its average volume of 26,087. The company has a fifty day moving average price of $10.98 and a 200 day moving average price of $10.78. Charlton Aria Acquisition has a 1 year low of $10.39 and a 1 year high of $11.48.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Charlton Aria Acquisition in a research note on Monday, October 19th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Charlton Aria Acquisition has an average rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CHAR. Berkley W R Corp lifted its stake in shares of Charlton Aria Acquisition by 19.4% during the 1st quarter. Berkley W R Corp now owns 878,975 shares of the company’s stock valued at $9,304,000 after buying an additional 142,746 shares in the last quarter. StoneX Group Inc. purchased a new stake in Charlton Aria Acquisition during the third quarter valued at $1,778,000. Sona Asset Management US LLC bought a new position in shares of Charlton Aria Acquisition in the 1st quarter valued at about $1,058,000. SkyView Investment Advisors LLC bought a new stake in shares of Charlton Aria Acquisition in the 2nd quarter valued at approximately $324,000. Finally, Robinson Capital Management LLC boosted its stake in Charlton Aria Acquisition by 105.4% during the second quarter. Robinson Capital Management LLC now owns 29,716 shares of the company’s stock worth $321,000 after buying an additional 15,250 shares during the period.

Charlton Aria Acquisition Corp. is a special purpose acquisition company, or SPAC. It was formed to pursue a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more existing businesses.

The company does not have an established operating business or its own portfolio of products and services. Its role is to identify a business-combination partner and, if a transaction is completed, help that business enter the public markets.

Charlton Aria has described a focus on opportunities in the technology, media and telecommunications sectors, particularly in Asia.