Kochav Defense Acquisition (NASDAQ:KCHV) Posts Quarterly Earnings Results

Kochav Defense Acquisition (NASDAQ:KCHV) released its quarterly earnings data on Monday. The company reported $0.06 earnings per share (EPS) for the quarter, FiscalAI reports.

Kochav Defense Acquisition Stock Down 0.1%

Shares of KCHV stock traded down $0.01 during mid-day trading on Wednesday, hitting $10.53. 422,502 shares of the stock traded hands, compared to its average volume of 77,195. Kochav Defense Acquisition has a twelve month low of $10.11 and a twelve month high of $10.56. The company’s 50-day simple moving average is $10.48 and its 200-day simple moving average is $10.37.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Kochav Defense Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a report on Thursday, August 20th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, Kochav Defense Acquisition currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Kochav Defense Acquisition

Hedge funds and other institutional investors have recently bought and sold shares of the business. Context Capital Management LLC bought a new position in Kochav Defense Acquisition in the 3rd quarter valued at $3,666,000. BlueCrest Capital Management Ltd purchased a new position in shares of Kochav Defense Acquisition during the second quarter worth about $940,000. Finally, Sona Asset Management US LLC bought a new position in shares of Kochav Defense Acquisition in the first quarter worth approximately $1,795,000.

Kochav Defense Acquisition Company Profile

Kochav Defense Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating companies. Unlike an established operating business, the company does not appear to have significant commercial products, services or independent revenue-generating operations of its own. The company’s stated focus is on pursuing opportunities in the defense, aerospace, security and related technology sectors. Its future activities and geographic presence would depend on the business it ultimately acquires or combines with.