Centurion Acquisition (NASDAQ:ALF) Trading Down 0.4% - Time to Sell?

Key Points

• Centurion Acquisition fell 0.4% to approximately $10.84, with trading volume of 113 shares—43% below its average daily volume. Its 50-day and 200-day moving averages were $10.83 and $10.81, respectively.
• Weiss Ratings upgraded the stock from “hold (c-)” to “hold (c),” while the broader analyst consensus remains Hold.
• Institutional interest increased, including Berkley W R Corp.’s 376% boost in holdings and new positions from Sona Asset Management and L1 Global Manager.

Centurion Acquisition Corp. (NASDAQ:ALF - Get Free Report) fell 0.4% on Friday . The company traded as low as $10.89 and last traded at $10.8430. 113 shares traded hands during trading, a decline of 43% from the average daily volume of 198 shares. The stock had previously closed at $10.89.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Centurion Acquisition from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, September 4th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Centurion Acquisition presently has a consensus rating of "Hold".

Centurion Acquisition Trading Down 0.4%

The company has a fifty day moving average of $10.83 and a 200 day moving average of $10.81.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Sona Asset Management US LLC acquired a new position in shares of Centurion Acquisition in the 1st quarter valued at about $1,092,000. Berkley W R Corp boosted its holdings in shares of Centurion Acquisition by 376.0% during the first quarter. Berkley W R Corp now owns 1,157,544 shares of the company's stock worth $12,455,000 after purchasing an additional 914,380 shares during the period. Radcliffe Capital Management L.P. boosted its holdings in shares of Centurion Acquisition by 20.2% during the fourth quarter. Radcliffe Capital Management L.P. now owns 501,086 shares of the company's stock worth $5,337,000 after purchasing an additional 84,291 shares during the period. L1 Global Manager Pty Ltd purchased a new position in Centurion Acquisition during the fourth quarter valued at approximately $7,189,000. Finally, Schonfeld Strategic Advisors LLC grew its position in Centurion Acquisition by 103.5% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 30,493 shares of the company's stock valued at $325,000 after purchasing an additional 15,508 shares in the last quarter.

About Centurion Acquisition

Alfi, Inc provides Software as a Service (SaaS) solution for the digital out of home (DOOH) smart advertising segment in the United States. It offers Alfi, an artificial intelligence (AI) SaaS platform that transforms DOOH advertising into real-time audience-based marketing, as well as uses AI and computer vision to detect audience demographics, such as age and gender to serve relevant advertising. The company intends to market Alfi to advertisers, and other DOOH and out of home media operators as the first facial detection-based ad technology offering verified impressions and audience measurement based on eyes on screens.

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