Evergreen (NASDAQ:EVGR) Trading 0.1% Higher – Time to Buy?

Evergreen Co. (NASDAQ:EVGR)’s stock price traded up 0.1% on Monday . The company traded as high as $11.90 and last traded at $11.90. 422 shares changed hands during trading, a decline of 99% from the average session volume of 38,114 shares. The stock had previously closed at $11.89.

Evergreen Stock Performance

The company has a market cap of $96.04 million and a price-to-earnings ratio of 42.50. The stock’s fifty day simple moving average is $11.79 and its two-hundred day simple moving average is $11.66.

Evergreen (NASDAQ:EVGR) last issued its earnings results on Thursday, October 10th. The company reported $0.07 earnings per share for the quarter.

Institutional Trading of Evergreen

A number of institutional investors have recently modified their holdings of the company. Spartan Fund Management Inc. purchased a new position in Evergreen in the third quarter valued at approximately $603,000. K2 Principal Fund L.P. purchased a new position in shares of Evergreen in the 2nd quarter valued at $1,675,000. Quarry LP acquired a new position in shares of Evergreen during the 3rd quarter valued at $1,734,000. Cowen AND Company LLC purchased a new stake in Evergreen during the 2nd quarter worth $2,706,000. Finally, Westchester Capital Management LLC acquired a new stake in Evergreen in the 3rd quarter valued at $2,920,000. Hedge funds and other institutional investors own 69.26% of the company’s stock.

Evergreen Company Profile

Evergreen Corporation is a blank check company. It intends to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in Kuala Lumpur, Malaysia.