New America Acquisition I (NYSE:NWAX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of New America Acquisition I (NYSE:NWAX) to a hold rating in a report published on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings raised shares of New America Acquisition I from a “sell (e)” rating to a “sell (e+)” rating in a report on Tuesday, August 18th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, New America Acquisition I presently has an average rating of “Sell”.

New America Acquisition I Trading Down 0.1%

Shares of NYSE NWAX opened at $10.06 on Friday. New America Acquisition I has a 52 week low of $9.68 and a 52 week high of $10.39. The firm has a 50-day moving average price of $10.14 and a 200 day moving average price of $10.11.

About New America Acquisition I

New America Acquisition I Corp. is a special purpose acquisition company (SPAC) listed on the New York Stock Exchange under the symbol NWAX. The company was formed to pursue a business combination with one or more private companies.

Unlike an operating company, New America Acquisition I does not appear to manufacture products or provide ongoing commercial services. Its principal activities are evaluating potential merger, acquisition, or similar transactions and completing a transaction that would allow a private business to become publicly traded.

Publicly available information about the company’s specific acquisition criteria, geographic focus, operating history, and leadership is limited.