Andina Acquisition Corp II (NASDAQ:ANDAU)’s share price traded up 0.1% on Wednesday . The company traded as high as $10.41 and last traded at $10.41, 8,850 shares changed hands during trading. A decline of 56% from the average session volume of 20,099 shares. The stock had previously closed at $10.40.
The stock has a 50-day moving average price of $10.33 and a two-hundred day moving average price of $10.23.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ANDAU. Periscope Capital Inc. bought a new stake in Andina Acquisition Corp II in the first quarter worth about $1,928,000. Gabelli Funds LLC bought a new stake in Andina Acquisition Corp II in the first quarter worth about $2,085,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in Andina Acquisition Corp II in the first quarter worth about $2,460,000. Finally, Bank of Montreal Can bought a new stake in Andina Acquisition Corp II in the first quarter worth about $5,050,000.
Andina Acquisition Corp. II is a blank check company. The Company was formed to acquire, through a merger, share exchange, asset acquisition, stock purchase, plan of arrangement, recapitalization, reorganization or other similar business combination, one or more businesses or entities. The Company’s efforts in identifying prospective target businesses are not limited to a particular industry or geographic region of the world.
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