Weiss Ratings Reaffirms "Hold (C-)" Rating for Keen Vision Acquisition (NASDAQ:KVAC)

Key Points

• Weiss Ratings has reaffirmed a "hold (C-)" rating for Keen Vision Acquisition (NASDAQ:KVAC), indicating a cautious outlook on the stock.
• Keen Vision Acquisition's stock opened at $11.61 and has traded within a range of $10.74 to $12.00 over the past year.
• Institutional investors own 51.72% of the company, with significant increases in holdings from Berkley W R Corp and new investments from Westchester Capital Management LLC and Tabor Asset Management LP.

Keen Vision Acquisition (NASDAQ:KVAC - Get Free Report)'s stock had its "hold (c-)" rating reissued by Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Keen Vision Acquisition Trading Up 0.0%

Shares of KVAC stock opened at $11.61 on Wednesday. Keen Vision Acquisition has a fifty-two week low of $10.74 and a fifty-two week high of $12.00. The business's 50 day moving average price is $11.57 and its 200-day moving average price is $11.41.

Institutional Investors Weigh In On Keen Vision Acquisition

A number of large investors have recently modified their holdings of the stock. Berkley W R Corp raised its stake in Keen Vision Acquisition by 52.7% in the second quarter. Berkley W R Corp now owns 1,046,168 shares of the company's stock worth $11,895,000 after buying an additional 361,071 shares in the last quarter. Westchester Capital Management LLC bought a new stake in Keen Vision Acquisition during the 1st quarter valued at approximately $787,000. Finally, Tabor Asset Management LP purchased a new position in shares of Keen Vision Acquisition during the 1st quarter worth approximately $2,614,000. Institutional investors own 51.72% of the company's stock.

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.

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