RF Acquisition Corp II (NASDAQ:RFAI) Issues Earnings Results

RF Acquisition Corp II (NASDAQ:RFAI) announced its quarterly earnings results on Friday. The company reported $0.01 earnings per share for the quarter, FiscalAI reports.

RF Acquisition Corp II Trading Down 0.3%

Shares of RF Acquisition Corp II stock traded down $0.03 during trading on Friday, hitting $11.06. The stock had a trading volume of 5,254 shares, compared to its average volume of 28,294. RF Acquisition Corp II has a 12 month low of $10.58 and a 12 month high of $11.44. The business’s 50-day moving average is $11.05 and its 200 day moving average is $10.96.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of RF Acquisition Corp II in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, RF Acquisition Corp II presently has an average rating of “Sell”.

Hedge Funds Weigh In On RF Acquisition Corp II

A number of institutional investors have recently added to or reduced their stakes in RFAI. Shaolin Capital Management LLC bought a new stake in shares of RF Acquisition Corp II during the 3rd quarter valued at about $940,000. Susquehanna International Group LLP bought a new position in shares of RF Acquisition Corp II in the third quarter worth approximately $132,000. Finally, Clear Street Group Inc. increased its position in shares of RF Acquisition Corp II by 4,466.7% in the fourth quarter. Clear Street Group Inc. now owns 9,179 shares of the company’s stock worth $99,000 after purchasing an additional 8,978 shares during the last quarter.

About RF Acquisition Corp II

RF Acquisition Corp. II operates as a blank check company. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company was founded on February 5, 2024, and is headquartered in Singapore.