Quetta Acquisition (NASDAQ:QETA) Shares Down 0.4% – Here’s What Happened

Quetta Acquisition Corporation (NASDAQ:QETA) traded down 0.4% during trading on Monday . The company traded as low as $11.30 and last traded at $11.32. 23 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 754 shares. The stock had previously closed at $11.36.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Quetta Acquisition in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Quetta Acquisition Stock Performance

The business has a 50-day moving average of $11.28 and a 200 day moving average of $11.10.

Hedge Funds Weigh In On Quetta Acquisition

Institutional investors have recently modified their holdings of the company. Clear Street LLC boosted its position in Quetta Acquisition by 185.1% during the second quarter. Clear Street LLC now owns 17,577 shares of the company’s stock worth $191,000 after acquiring an additional 11,411 shares during the last quarter. Clear Street Group Inc. acquired a new stake in shares of Quetta Acquisition during the third quarter worth $197,000. Finally, Wolverine Asset Management LLC grew its position in shares of Quetta Acquisition by 2.5% in the second quarter. Wolverine Asset Management LLC now owns 157,458 shares of the company’s stock valued at $1,710,000 after purchasing an additional 3,769 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

Quetta Acquisition Company Profile

Quetta Acquisition Corporation focuses on effecting a merger, capital stock exchange, share purchase, asset acquisition, recapitalization, reorganization, or related business combination with one or more businesses. It intends to focus on financial technology sector in Asia. The company was incorporated in 2023 and is based in New York, New York.