Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) to a hold rating in a report published on Saturday.

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Columbus Acquisition Corp/Cayman Islands in a research report on Monday, June 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Columbus Acquisition Corp/Cayman Islands presently has a consensus rating of “Sell”.

Columbus Acquisition Corp/Cayman Islands Stock Up 0.1%

NASDAQ COLA opened at $10.69 on Friday. Columbus Acquisition Corp/Cayman Islands has a twelve month low of $10.14 and a twelve month high of $11.15. The business’s 50-day simple moving average is $10.73.

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) last announced its earnings results on Thursday, May 14th. The company reported $0.01 earnings per share for the quarter.

Hedge Funds Weigh In On Columbus Acquisition Corp/Cayman Islands

Large investors have recently added to or reduced their stakes in the company. Harraden Circle Investments LLC bought a new stake in shares of Columbus Acquisition Corp/Cayman Islands in the 4th quarter worth approximately $5,794,000. Meteora Capital LLC acquired a new stake in Columbus Acquisition Corp/Cayman Islands during the fourth quarter worth $4,632,000. Rivernorth Capital Management LLC boosted its stake in Columbus Acquisition Corp/Cayman Islands by 51.8% during the fourth quarter. Rivernorth Capital Management LLC now owns 299,756 shares of the company’s stock worth $3,114,000 after buying an additional 102,256 shares in the last quarter. L1 Global Manager Pty Ltd bought a new stake in Columbus Acquisition Corp/Cayman Islands in the 4th quarter valued at $1,039,000. Finally, Clear Street Group Inc. increased its holdings in Columbus Acquisition Corp/Cayman Islands by 1,173.3% in the 4th quarter. Clear Street Group Inc. now owns 77,967 shares of the company’s stock valued at $810,000 after buying an additional 71,844 shares during the period.

Columbus Acquisition Corp/Cayman Islands Company Profile

Columbus Acquisition Corp/Cayman Islands (NASDAQ: COLA) is a Cayman Islands–incorporated special purpose acquisition company (SPAC) listed on the Nasdaq stock exchange. As a blank-check company, its stated principal business purpose is to raise capital through an initial public offering and to seek one or more business combinations, acquisitions, mergers, or similar transactions that would result in a change of business, operations or management for the combined company.

The company does not operate an ongoing commercial business or produce products or services in the way an operating company does.