Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) Upgraded by Wall Street Zen to “Hold” Rating

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) was upgraded by equities research analysts at Wall Street Zen to a “hold” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Columbus Acquisition Corp/Cayman Islands in a report on Monday, June 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Columbus Acquisition Corp/Cayman Islands Trading Down 0.0%

Shares of Columbus Acquisition Corp/Cayman Islands stock opened at $10.68 on Friday. Columbus Acquisition Corp/Cayman Islands has a 52-week low of $10.14 and a 52-week high of $11.15. The firm has a 50-day moving average price of $10.73.

Columbus Acquisition Corp/Cayman Islands (NASDAQ:COLA) last issued its earnings results on Thursday, May 14th. The company reported $0.01 earnings per share for the quarter.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. HRT Financial LP bought a new position in shares of Columbus Acquisition Corp/Cayman Islands in the fourth quarter worth $172,000. L1 Global Manager Pty Ltd bought a new stake in Columbus Acquisition Corp/Cayman Islands during the fourth quarter valued at $1,039,000. Harraden Circle Investments LLC purchased a new position in Columbus Acquisition Corp/Cayman Islands during the fourth quarter worth about $5,794,000. Clear Street Group Inc. grew its position in Columbus Acquisition Corp/Cayman Islands by 1,173.3% during the fourth quarter. Clear Street Group Inc. now owns 77,967 shares of the company’s stock worth $810,000 after buying an additional 71,844 shares in the last quarter. Finally, Meteora Capital LLC bought a new position in Columbus Acquisition Corp/Cayman Islands in the 4th quarter worth about $4,632,000.

Columbus Acquisition Corp/Cayman Islands Company Profile

Columbus Acquisition Corp/Cayman Islands (NASDAQ: COLA) is a Cayman Islands–incorporated special purpose acquisition company (SPAC) listed on the Nasdaq stock exchange. As a blank-check company, its stated principal business purpose is to raise capital through an initial public offering and to seek one or more business combinations, acquisitions, mergers, or similar transactions that would result in a change of business, operations or management for the combined company.

The company does not operate an ongoing commercial business or produce products or services in the way an operating company does.