Keen Vision Acquisition (NASDAQ:KVAC) Trading 0.5% Higher – Still a Buy?

Keen Vision Acquisition Corporation (NASDAQ:KVAC) shares traded up 0.5% during mid-day trading on Friday . The company traded as high as $11.63 and last traded at $11.63. 500 shares traded hands during trading, a decline of 19% from the average session volume of 618 shares. The stock had previously closed at $11.57.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of Keen Vision Acquisition from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Keen Vision Acquisition presently has an average rating of “Sell”.

Keen Vision Acquisition Trading Up 0.5%

The business’s fifty day moving average is $11.64 and its 200-day moving average is $11.50.

Keen Vision Acquisition (NASDAQ:KVAC) last released its earnings results on Wednesday, November 12th. The company reported $0.09 earnings per share for the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in KVAC. Meteora Capital LLC bought a new position in shares of Keen Vision Acquisition during the 3rd quarter worth $120,000. Clear Street Group Inc. purchased a new stake in Keen Vision Acquisition during the third quarter valued at about $380,000. Crossingbridge Advisors LLC bought a new position in Keen Vision Acquisition during the third quarter worth about $755,000. Westchester Capital Management LLC purchased a new position in shares of Keen Vision Acquisition in the first quarter worth about $787,000. Finally, Berkley W R Corp raised its position in shares of Keen Vision Acquisition by 52.7% in the second quarter. Berkley W R Corp now owns 1,046,168 shares of the company’s stock valued at $11,895,000 after purchasing an additional 361,071 shares during the period. Hedge funds and other institutional investors own 51.72% of the company’s stock.

Keen Vision Acquisition Company Profile

Keen Vision Acquisition Corporation does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, and related business combination with one or more businesses or entities. It also intends to focus on businesses in the biotechnology, consumer goods, and agriculture sectors.