FinServ Acquisition (OTCMKTS:FSRVU) Trading Up 7.9% – Should You Buy?
by Mitch Edgeman · The Markets DailyFinServ Acquisition Corp. (OTCMKTS:FSRVU – Get Free Report) shares rose 7.9% on Tuesday . The stock traded as high as $17.66 and last traded at $17.66. Approximately 100 shares traded hands during trading, a decline of 98% from the average daily volume of 4,378 shares. The stock had previously closed at $16.37.
FinServ Acquisition Price Performance
The company’s 50 day simple moving average is $17.66 and its 200 day simple moving average is $17.66.
FinServ Acquisition Company Profile
FinServ Acquisition Corporation is a Delaware-incorporated special purpose acquisition company (SPAC) formed to effect a business combination with one or more financial technology companies. Trading its units under the ticker FSRVU on the OTC Markets, the company was sponsored by a group of investment professionals with experience in fintech, capital markets and regulatory compliance. As a blank-check vehicle, FinServ Acquisition does not currently own any operating businesses and has not generated operating revenues.
The company’s primary objective is to identify, acquire and merge with a target in the financial services technology sector, including areas such as digital payments, lending platforms, blockchain applications and financial software solutions.