Tavia Acquisition (NASDAQ:TAVI) Issues Quarterly Earnings Results

Tavia Acquisition (NASDAQ:TAVI) posted its earnings results on Friday. The company reported ($0.01) earnings per share (EPS) for the quarter, FiscalAI reports.

Tavia Acquisition Stock Down 0.0%

NASDAQ TAVI traded down $0.00 on Friday, reaching $10.87. The stock had a trading volume of 36,232 shares, compared to its average volume of 3,708. Tavia Acquisition has a 12-month low of $10.39 and a 12-month high of $11.91. The stock has a fifty day moving average price of $10.80 and a two-hundred day moving average price of $10.67.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Tavia Acquisition stock. Berkley W R Corp grew its position in Tavia Acquisition Corp. (NASDAQ:TAVI) by 1.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 216,861 shares of the company’s stock after buying an additional 3,980 shares during the quarter. Berkley W R Corp owned 1.89% of Tavia Acquisition worth $2,290,000 as of its most recent filing with the Securities and Exchange Commission.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Tavia Acquisition from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, August 18th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

About Tavia Acquisition

Tavia Acquisition Corp. is a special purpose acquisition company, or blank-check company. It was formed to pursue a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a SPAC, Tavia does not have an established operating business or a portfolio of products and services. Its activities center on identifying and evaluating a potential business combination. Information about a completed transaction, operating markets or the company’s leadership is not included here because it could not be confirmed reliably.