Archimedes Tech SPAC Partners II (NASDAQ:ATII) Trading Up 0% – Here’s What Happened

Archimedes Tech SPAC Partners II Co. (NASDAQ:ATII)’s stock price was up 0% during mid-day trading on Monday . The company traded as high as $10.44 and last traded at $10.4310. Approximately 9,889 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 51,834 shares. The stock had previously closed at $10.43.

Analyst Ratings Changes

Separately, Weiss Ratings assumed coverage on shares of Archimedes Tech SPAC Partners II in a report on Monday, January 26th. They issued a “sell (d-)” rating for the company. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Archimedes Tech SPAC Partners II Stock Performance

The firm’s fifty day moving average is $10.50.

Archimedes Tech SPAC Partners II (NASDAQ:ATII) last released its earnings results on Tuesday, March 3rd. The company reported $0.07 EPS for the quarter.

Institutional Trading of Archimedes Tech SPAC Partners II

A number of institutional investors have recently bought and sold shares of the business. Westchester Capital Management LLC grew its holdings in Archimedes Tech SPAC Partners II by 0.8% during the 4th quarter. Westchester Capital Management LLC now owns 907,144 shares of the company’s stock worth $9,398,000 after acquiring an additional 7,144 shares during the period. Governors Lane LP grew its holdings in shares of Archimedes Tech SPAC Partners II by 1.1% in the 4th quarter. Governors Lane LP now owns 758,617 shares of the company’s stock valued at $7,859,000 after buying an additional 8,617 shares during the period. Meteora Capital LLC grew its holdings in shares of Archimedes Tech SPAC Partners II by 10.5% in the 4th quarter. Meteora Capital LLC now owns 718,433 shares of the company’s stock valued at $7,443,000 after buying an additional 68,533 shares during the period. Radcliffe Capital Management L.P. grew its holdings in shares of Archimedes Tech SPAC Partners II by 7.7% in the 4th quarter. Radcliffe Capital Management L.P. now owns 658,322 shares of the company’s stock valued at $6,820,000 after buying an additional 46,800 shares during the period. Finally, Rivernorth Capital Management LLC grew its holdings in shares of Archimedes Tech SPAC Partners II by 25.2% in the 4th quarter. Rivernorth Capital Management LLC now owns 447,750 shares of the company’s stock valued at $4,639,000 after buying an additional 90,000 shares during the period.

About Archimedes Tech SPAC Partners II

Archimedes Tech SPAC Partners II (NASDAQ: ATII) is a special purpose acquisition company (SPAC) listed on the Nasdaq stock market. As a blank‑check vehicle, its primary business purpose is to identify, evaluate and complete a business combination, merger, acquisition or other similar transaction that will result in a publicly traded operating company. The company itself does not conduct an independent operating business prior to completing a qualifying transaction.

Like other SPACs, Archimedes Tech SPAC Partners II raises capital through an initial public offering and places the proceeds in a trust account while it pursues potential targets.