DT Cloud Star Acquisition (NASDAQ:DTSQ) Trading 0.2% Higher - Should You Buy?

Key Points

• DT Cloud Star Acquisition (NASDAQ:DTSQ) traded up 0.2% to $11.24 with 14,903 shares changing hands—about 479% above its average session volume of 2,574.
• Analyst coverage is negative: Weiss Ratings restated a "Sell (d)" and MarketBeat reports the stock's average analyst rating is "Sell".
• Institutional activity increased—Berkley W R Corp boosted its stake by 69.5% to 673,926 shares (~$7.05M), and several other funds (Clear Street, Meteora Capital, Gabelli, Quarry LP) recently added or raised positions.

DT Cloud Star Acquisition Corporation (NASDAQ:DTSQ - Get Free Report)'s share price traded up 0.2% on Thursday . The stock traded as high as $11.24 and last traded at $11.24. 14,903 shares were traded during trading, an increase of 479% from the average session volume of 2,574 shares. The stock had previously closed at $11.22.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated 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 MarketBeat.com, the stock presently has an average rating of "Sell".

DT Cloud Star Acquisition Stock Up 0.2%

The business's 50 day moving average is $11.09 and its 200 day moving average is $10.88.

DT Cloud Star Acquisition (NASDAQ:DTSQ - Get Free Report) last announced its quarterly earnings results on Wednesday, March 25th. The company reported $0.08 earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On DT Cloud Star Acquisition

A number of large investors have recently added to or reduced their stakes in DTSQ. Berkley W R Corp grew its holdings in DT Cloud Star Acquisition by 69.5% in the third quarter. Berkley W R Corp now owns 673,926 shares of the company's stock worth $7,049,000 after purchasing an additional 276,278 shares during the last quarter. Clear Street Group Inc. purchased a new stake in shares of DT Cloud Star Acquisition during the 3rd quarter valued at $792,000. Meteora Capital LLC acquired a new stake in shares of DT Cloud Star Acquisition in the 4th quarter worth $1,032,000. Gabelli Funds LLC boosted its position in shares of DT Cloud Star Acquisition by 100.0% in the 2nd quarter. Gabelli Funds LLC now owns 168,000 shares of the company's stock worth $1,744,000 after purchasing an additional 84,000 shares in the last quarter. Finally, Quarry LP purchased a new position in DT Cloud Star Acquisition during the 4th quarter worth $748,000.

DT Cloud Star Acquisition Company Profile

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.

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