RF Acquisition Corp II (NASDAQ:RFAI) Issues Quarterly Earnings Results

by · The Markets Daily

RF Acquisition Corp II (NASDAQ:RFAI – Get Free Report) announced its earnings results on Friday. The company reported $0.01 earnings per share for the quarter, FiscalAI reports.

RF Acquisition Corp II Stock Down 0.3%

Shares of RFAI opened at $11.06 on Friday. The stock has a 50 day simple moving average of $11.05 and a two-hundred day simple moving average of $10.96. RF Acquisition Corp II has a 1 year low of $10.58 and a 1 year high of $11.44.

Institutional Investors Weigh In On RF Acquisition Corp II

A number of hedge funds have recently made changes to their positions in the business. Shaolin Capital Management LLC purchased a new stake in shares of RF Acquisition Corp II in the 3rd quarter valued at $940,000. Susquehanna International Group LLP purchased a new position in RF Acquisition Corp II in the 3rd quarter worth $132,000. Finally, Clear Street Group Inc. raised its position in RF Acquisition Corp II by 4,466.7% in the 4th quarter. Clear Street Group Inc. now owns 9,179 shares of the company’s stock worth $99,000 after purchasing an additional 8,978 shares during the period.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded RF Acquisition Corp II from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Read Our Latest Stock Analysis on RF Acquisition Corp II

RF Acquisition Corp II Company Profile

(Get Free Report)

RF Acquisition Corp. II operates as a blank check company. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company was founded on February 5, 2024, and is headquartered in Singapore.

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