Gesher Acquisition Corp. II (NASDAQ:GSHR) Issues Earnings Results

Gesher Acquisition Corp. II (NASDAQ:GSHR) issued its quarterly earnings data on Thursday. The company reported $0.05 earnings per share for the quarter, FiscalAI reports.

Gesher Acquisition Corp. II Stock Up 0.0%

NASDAQ GSHR traded up $0.01 during trading hours on Thursday, hitting $10.52. 1,241,583 shares of the stock were exchanged, compared to its average volume of 477. Gesher Acquisition Corp. II has a 12-month low of $9.51 and a 12-month high of $11.20. The stock has a 50-day moving average of $10.46.

Institutional Trading of Gesher Acquisition Corp. II

A number of institutional investors have recently modified their holdings of GSHR. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Gesher Acquisition Corp. II in the fourth quarter worth $4,107,000. Radcliffe Capital Management L.P. increased its holdings in shares of Gesher Acquisition Corp. II by 34.6% in the 4th quarter. Radcliffe Capital Management L.P. now owns 227,045 shares of the company’s stock valued at $2,331,000 after purchasing an additional 58,339 shares in the last quarter. Glazer Capital LLC lifted its stake in shares of Gesher Acquisition Corp. II by 12.2% in the fourth quarter. Glazer Capital LLC now owns 224,254 shares of the company’s stock valued at $2,302,000 after purchasing an additional 24,299 shares during the period. Sona Asset Management US LLC purchased a new stake in Gesher Acquisition Corp. II during the first quarter worth about $1,810,000. Finally, Meteora Capital LLC purchased a new stake in Gesher Acquisition Corp. II during the fourth quarter worth about $437,000.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Gesher Acquisition Corp. II in a research report on Friday, June 26th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

About Gesher Acquisition Corp. II

Gesher Acquisition Corp. II (NASDAQ: GSHR) is a special purpose acquisition company (SPAC) listed on the Nasdaq Stock Market. As a blank‑check vehicle, the company’s principal business activity is to identify, negotiate and complete a business combination with one or more operating businesses. Like other SPACs, it was created to use public capital markets as a mechanism to bring a private target company public via a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination.

Gesher Acquisition Corp.