Perceptive Capital Solutions (NASDAQ:PCSC) Trading Down 0.3% – Time to Sell?

Perceptive Capital Solutions Corp. (NASDAQ:PCSC) traded down 0.3% during trading on Thursday . The company traded as low as $11.01 and last traded at $11.09. 66,108 shares were traded during mid-day trading, an increase of 40% from the average session volume of 47,389 shares. The stock had previously closed at $11.12.

Analyst Upgrades and Downgrades

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

Perceptive Capital Solutions Stock Down 0.3%

The firm has a 50 day moving average of $13.03 and a 200-day moving average of $11.88. The company has a market cap of $98.81 million, a P/E ratio of 138.64 and a beta of -0.02.

Perceptive Capital Solutions (NASDAQ:PCSC) last issued its earnings results on Thursday, March 12th. The company reported ($0.06) earnings per share for the quarter.

Institutional Trading of Perceptive Capital Solutions

Hedge funds have recently added to or reduced their stakes in the business. Farallon Capital Management LLC bought a new position in Perceptive Capital Solutions during the 4th quarter worth about $29,318,000. ADAR1 Capital Management LLC raised its holdings in shares of Perceptive Capital Solutions by 160.9% in the 4th quarter. ADAR1 Capital Management LLC now owns 1,956,720 shares of the company’s stock valued at $25,496,000 after purchasing an additional 1,206,720 shares in the last quarter. BIT Capital GmbH purchased a new stake in shares of Perceptive Capital Solutions in the 4th quarter worth approximately $9,646,000. 683 Capital Management LLC boosted its stake in shares of Perceptive Capital Solutions by 28.2% during the fourth quarter. 683 Capital Management LLC now owns 640,894 shares of the company’s stock valued at $8,351,000 after purchasing an additional 140,894 shares in the last quarter. Finally, One Fin Capital Management LP purchased a new position in Perceptive Capital Solutions during the fourth quarter valued at approximately $5,691,000.

About Perceptive Capital Solutions

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.