Maywood Acquisition (NASDAQ:IPEX) Upgraded by Benchmark to Moderate Buy Rating

Benchmark upgraded shares of Maywood Acquisition (NASDAQ:IPEX) to a moderate buy rating in a report released on Wednesday,Zacks.com reports.

Separately, Weiss Ratings upgraded shares of Maywood Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, May 22nd. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Maywood Acquisition Stock Performance

Shares of NASDAQ IPEX opened at $10.54 on Wednesday. Maywood Acquisition has a one year low of $10.08 and a one year high of $10.55. The stock’s fifty day moving average is $10.50.

Maywood Acquisition (NASDAQ:IPEX) last announced its quarterly earnings results on Friday, May 15th. The company reported $0.02 earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Maywood Acquisition

Institutional investors and hedge funds have recently made changes to their positions in the business. Radcliffe Capital Management L.P. purchased a new position in Maywood Acquisition during the 4th quarter valued at about $1,152,000. Meteora Capital LLC acquired a new stake in shares of Maywood Acquisition in the fourth quarter valued at approximately $1,140,000. Magnetar Financial LLC acquired a new stake in shares of Maywood Acquisition in the fourth quarter valued at approximately $2,565,000. Finally, Virtu Financial LLC acquired a new stake in shares of Maywood Acquisition in the fourth quarter valued at approximately $519,000.

About Maywood Acquisition

We are a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities, which we refer to throughout this prospectus as our initial business combination. We have not selected any target business and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any target business regarding an initial business combination with our company.