Quetta Acquisition (NASDAQ:QETA) Trading 0.1% Higher – Here’s What Happened

Quetta Acquisition Corporation (NASDAQ:QETA)’s share price traded up 0.1% during mid-day trading on Wednesday . The stock traded as high as $11.57 and last traded at $11.57. 97 shares were traded during mid-day trading, a decline of 89% from the average session volume of 870 shares. The stock had previously closed at $11.56.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Quetta Acquisition in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Quetta Acquisition Trading Up 0.1%

The business has a 50-day moving average of $11.46 and a 200-day moving average of $11.26.

Institutional Investors Weigh In On Quetta Acquisition

Several large investors have recently made changes to their positions in the company. Wolverine Asset Management LLC raised its position in Quetta Acquisition by 2.5% during the second quarter. Wolverine Asset Management LLC now owns 157,458 shares of the company’s stock valued at $1,710,000 after acquiring an additional 3,769 shares in the last quarter. Clear Street Group Inc. acquired a new position in shares of Quetta Acquisition during the 3rd quarter worth $197,000. Finally, Clear Street LLC raised its holdings in shares of Quetta Acquisition by 185.1% during the 2nd quarter. Clear Street LLC now owns 17,577 shares of the company’s stock valued at $191,000 after purchasing an additional 11,411 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

About Quetta Acquisition

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.