DT Cloud Star Acquisition (NASDAQ:DTSQ) Shares Down 0.4% – Time to Sell?
by Jessica Moore · The Cerbat GemDT Cloud Star Acquisition Corporation (NASDAQ:DTSQ – Get Free Report) traded down 0.4% during mid-day trading on Wednesday . The company traded as low as $11.15 and last traded at $11.15. 25,169 shares traded hands during mid-day trading, an increase of 1,579% from the average session volume of 1,499 shares. The stock had previously closed at $11.20.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a “sell (d)” rating on shares of DT Cloud Star Acquisition in a report on Friday, January 9th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.
Get Our Latest Stock Report on DTSQ
DT Cloud Star Acquisition Trading Down 0.3%
The company’s fifty day moving average is $11.01 and its 200-day moving average is $10.81.
DT Cloud Star Acquisition (NASDAQ:DTSQ – Get Free Report) last issued its earnings results on Wednesday, March 25th. The company reported $0.08 earnings per share (EPS) for the quarter.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Crossingbridge Advisors LLC increased its holdings in DT Cloud Star Acquisition by 100.0% in the fourth quarter. Crossingbridge Advisors LLC now owns 50,000 shares of the company’s stock valued at $538,000 after buying an additional 25,000 shares in the last quarter. Clear Street Group Inc. increased its holdings in DT Cloud Star Acquisition by 44.0% in the fourth quarter. Clear Street Group Inc. now owns 108,780 shares of the company’s stock valued at $1,170,000 after buying an additional 33,235 shares in the last quarter. Quarry LP purchased a new position in DT Cloud Star Acquisition in the fourth quarter valued at $748,000. Gabelli Funds LLC increased its holdings in DT Cloud Star Acquisition by 100.0% in the second quarter. Gabelli Funds LLC now owns 168,000 shares of the company’s stock valued at $1,744,000 after buying an additional 84,000 shares in the last quarter. Finally, Meteora Capital LLC purchased a new position in DT Cloud Star Acquisition in the fourth quarter valued at $1,032,000.
About DT Cloud Star Acquisition
DT Cloud Star Acquisition Corporation focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2022 and is based in Brooklyn, New York.