Keen Vision Acquisition (NASDAQ:KVAC) Shares Up 0.5% - Still a Buy?

Keen Vision Acquisition Corporation (NASDAQ:KVAC - Get Free Report)'s stock price shot up 0.5% during mid-day trading on Tuesday . The company traded as high as $11.39 and last traded at $11.38. 8,409 shares changed hands during trading, a decline of 85% from the average session volume of 57,027 shares. The stock had previously closed at $11.32.

Keen Vision Acquisition Price Performance

The firm has a 50-day moving average price of $11.30 and a 200 day moving average price of $11.17.

Institutional Trading of Keen Vision Acquisition

Several institutional investors have recently added to or reduced their stakes in KVAC. Toronto Dominion Bank acquired a new stake in shares of Keen Vision Acquisition during the fourth quarter worth $304,000. Spartan Fund Management Inc. bought a new position in Keen Vision Acquisition during the fourth quarter worth about $779,000. Westchester Capital Management LLC bought a new position in Keen Vision Acquisition during the first quarter worth about $787,000. Yakira Capital Management Inc. acquired a new stake in Keen Vision Acquisition in the 4th quarter worth about $2,556,000. Finally, Tabor Asset Management LP bought a new stake in Keen Vision Acquisition in the 1st quarter valued at about $2,614,000. 51.72% of the stock is currently owned by institutional investors.

Keen Vision Acquisition Company Profile

Keen Vision Acquisition Corporation does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, and related business combination with one or more businesses or entities. It also intends to focus on businesses in the biotechnology, consumer goods, and agriculture sectors.