ITHAX Acquisition Corp III (NASDAQ:ITHA) Issues Quarterly Earnings Results

ITHAX Acquisition Corp III (NASDAQ:ITHA) issued its quarterly earnings data on Friday. The company reported $0.06 earnings per share (EPS) for the quarter, FiscalAI reports.

ITHAX Acquisition Corp III Stock Up 0.3%

Shares of NASDAQ:ITHA traded up $0.03 during trading on Friday, hitting $10.12. The stock had a trading volume of 5,160 shares, compared to its average volume of 49,682. ITHAX Acquisition Corp III has a 12 month low of $9.85 and a 12 month high of $10.15. The firm’s fifty day moving average is $10.08 and its 200 day moving average is $9.99.

Institutional Investors Weigh In On ITHAX Acquisition Corp III

An institutional investor recently bought a new position in ITHAX Acquisition Corp III stock. First Trust Capital Management L.P. acquired a new position in ITHAX Acquisition Corp III (NASDAQ:ITHA) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 464,920 shares of the company’s stock, valued at approximately $4,686,000. First Trust Capital Management L.P. owned approximately 1.74% of ITHAX Acquisition Corp III at the end of the most recent quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of ITHAX Acquisition Corp III from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, October 13th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, ITHAX Acquisition Corp III has a consensus rating of “Sell”.

ITHAX Acquisition Corp III Company Profile

ITHAX Acquisition Corp. III is a special purpose acquisition company, or SPAC, formed to pursue a merger, share exchange, asset acquisition, or similar business combination with one or more businesses. Like other SPACs, it does not have significant operating activities of its own while it searches for a suitable transaction. Before completing a business combination, the company’s business is focused on identifying and evaluating potential opportunities and negotiating a transaction. No completed combination or specific operating business is identified here.