Soren Acquisition (NASDAQ:SORN) Issues Earnings Results

Soren Acquisition (NASDAQ:SORN) announced its earnings results on Friday. The company reported $0.06 earnings per share for the quarter, FiscalAI reports.

Soren Acquisition Trading Up 0.4%

NASDAQ SORN traded up $0.04 during trading on Friday, hitting $10.11. The stock had a trading volume of 237 shares, compared to its average volume of 62,978. Soren Acquisition has a 12 month low of $9.81 and a 12 month high of $10.88. The company’s 50-day moving average price is $10.06 and its two-hundred day moving average price is $9.98.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Soren Acquisition in a research note on Friday, October 30th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the company currently has an average rating of “Sell”.

About Soren Acquisition

Soren Acquisition Corp. is a special purpose acquisition company, or SPAC. It was formed to identify and combine with an existing business rather than to sell products or provide services of its own. The company’s stated business objective is to pursue a business combination, which may take the form of a merger, share exchange, asset acquisition, share purchase, reorganization or similar transaction. Until it completes a transaction, Soren Acquisition does not have an operating business. Its future activities and geographic reach will depend on the business it combines with.