NewHold Investment Corp III (NASDAQ:NHIC) Posts Quarterly Earnings Results

NewHold Investment Corp III (NASDAQ:NHIC) released its quarterly earnings results on Monday. The company reported $0.03 earnings per share for the quarter, FiscalAI reports. The firm had revenue of $3.71 million for the quarter.

NewHold Investment Corp III Stock Performance

NASDAQ:NHIC opened at $10.54 on Wednesday. The company has a market capitalization of $291.01 million and a PE ratio of 87.83. The company has a 50 day simple moving average of $10.43 and a two-hundred day simple moving average of $10.40. NewHold Investment Corp III has a fifty-two week low of $10.01 and a fifty-two week high of $10.86.

Institutional Trading of NewHold Investment Corp III

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in NewHold Investment Corp III during the 4th quarter valued at approximately $4,146,000. Radcliffe Capital Management L.P. increased its position in NewHold Investment Corp III by 13.7% during the 4th quarter. Radcliffe Capital Management L.P. now owns 560,971 shares of the company’s stock valued at $5,814,000 after purchasing an additional 67,767 shares during the period. Kryger Capital LLC acquired a new stake in NewHold Investment Corp III during the 1st quarter valued at approximately $4,175,000. Sona Asset Management US LLC acquired a new stake in NewHold Investment Corp III during the 1st quarter valued at approximately $3,028,000. Finally, Sandia Investment Management LP acquired a new stake in NewHold Investment Corp III during the 2nd quarter valued at approximately $254,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded NewHold Investment Corp III from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, NewHold Investment Corp III has a consensus rating of “Sell”.

About NewHold Investment Corp III

NewHold Investment Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination, with one or more target businesses. The company was formerly known as NewHold Industrial Corp. and changed its name to NewHold Investment Corp. in February 2020. NewHold Investment Corp. was incorporated in 2020 and is based in Houston, Texas.