Perceptive Capital Solutions (NASDAQ:PCSC) Trading Down 4.4% – Here’s What Happened

Perceptive Capital Solutions Corp. (NASDAQ:PCSC)’s stock price fell 4.4% during mid-day trading on Wednesday . The stock traded as low as $13.30 and last traded at $13.39. 21,113 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 55,702 shares. The stock had previously closed at $14.00.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Perceptive Capital Solutions in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Perceptive Capital Solutions Price Performance

The firm has a fifty day moving average of $12.94 and a 200 day moving average of $11.47. The stock has a market capitalization of $119.30 million, a price-to-earnings ratio of 95.64 and a beta of -0.17.

Perceptive Capital Solutions (NASDAQ:PCSC) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.01 EPS for the quarter.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Radcliffe Capital Management L.P. acquired a new stake in shares of Perceptive Capital Solutions during the 3rd quarter valued at about $128,000. Berkley W R Corp acquired a new stake in Perceptive Capital Solutions in the second quarter valued at approximately $169,000. Rangeley Capital LLC purchased a new stake in shares of Perceptive Capital Solutions in the second quarter valued at approximately $212,000. Sculptor Capital LP raised its stake in shares of Perceptive Capital Solutions by 0.5% during the 2nd quarter. Sculptor Capital LP now owns 415,090 shares of the company’s stock worth $4,408,000 after buying an additional 2,243 shares during the period. Finally, Aberdeen Group plc acquired a new position in shares of Perceptive Capital Solutions during the 4th quarter worth approximately $4,512,000.

Perceptive Capital Solutions Company Profile

Perceptive Capital Solutions Corp is a blank check company. It formed for the purpose of entering into a combination with one or more businesses or entities. Perceptive Capital Solutions Corp is based in NEW YORK.