GigCapital7’s (GIG) Sell (D) Rating Reaffirmed at Weiss Ratings

Weiss Ratings reiterated their sell (d) rating on shares of GigCapital7 (NASDAQ:GIG) in a research note published on Tuesday morning,Weiss Ratings reports.

GigCapital7 Stock Performance

NASDAQ:GIG opened at $11.63 on Tuesday. The stock’s 50 day moving average price is $10.48 and its two-hundred day moving average price is $10.35. GigCapital7 has a 12-month low of $9.93 and a 12-month high of $11.87.

GigCapital7 (NASDAQ:GIG) last released its quarterly earnings data on Friday, August 8th. The company reported $0.05 earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On GigCapital7

A number of large investors have recently made changes to their positions in the company. Radcliffe Capital Management L.P. bought a new position in shares of GigCapital7 during the second quarter worth approximately $163,000. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new position in shares of GigCapital7 during the second quarter worth approximately $5,270,000. Wealthspring Capital LLC bought a new position in shares of GigCapital7 during the second quarter worth approximately $832,000. Wolverine Asset Management LLC increased its stake in shares of GigCapital7 by 4.0% during the second quarter. Wolverine Asset Management LLC now owns 586,705 shares of the company’s stock worth $6,090,000 after purchasing an additional 22,729 shares during the period. Finally, Westchester Capital Management LLC increased its stake in shares of GigCapital7 by 4.2% during the first quarter. Westchester Capital Management LLC now owns 999,000 shares of the company’s stock worth $10,110,000 after purchasing an additional 40,000 shares during the period.

GigCapital7 Company Profile

GigCapital7 Corp. is a blank check company or special purpose acquisition company. It was formed for the purpose of effecting a merger, capital share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded by Avishay S.