Range Capital Acquisition Corp II (NASDAQ:RNGT) Issues Earnings Results

Range Capital Acquisition Corp II (NASDAQ:RNGT) posted its quarterly earnings data on Friday. The company reported $0.06 earnings per share for the quarter, FiscalAI reports.

Range Capital Acquisition Corp II Trading Up 0.2%

NASDAQ:RNGT traded up $0.02 during trading hours on Friday, hitting $10.24. 264 shares of the company’s stock traded hands, compared to its average volume of 97,636. Range Capital Acquisition Corp II has a twelve month low of $9.90 and a twelve month high of $10.22. The stock has a fifty day moving average price of $10.19.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Range Capital Acquisition Corp II in a research note on Friday, October 30th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Range Capital Acquisition Corp II

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sona Asset Management US LLC acquired a new stake in Range Capital Acquisition Corp II in the first quarter valued at approximately $1,096,000. Harraden Circle Investments LLC boosted its holdings in Range Capital Acquisition Corp II by 40.2% during the second quarter. Harraden Circle Investments LLC now owns 525,177 shares of the company’s stock valued at $179,000 after acquiring an additional 150,651 shares during the period. Periscope Capital Inc. bought a new stake in Range Capital Acquisition Corp II during the 3rd quarter valued at approximately $2,293,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Range Capital Acquisition Corp II in the first quarter valued at approximately $3,000,000. Finally, Wealthspring Capital LLC acquired a new stake in Range Capital Acquisition Corp II in the 3rd quarter worth $3,658,000.

About Range Capital Acquisition Corp II

Range Capital Acquisition Corp II is a special purpose acquisition company, or SPAC, formed to pursue a merger, acquisition or similar business combination with an operating company. As a SPAC, it does not have an established portfolio of products or services of its own. Its business is to identify a suitable company and complete a transaction that would bring that business into the public markets. Further details about its target industries, geographic focus and leadership are not included here because reliable information about those specifics is not available.