Evergreen (NASDAQ:EVGR) Trading Up 0.1% – What’s Next?

Evergreen Co. (NASDAQ:EVGR)’s share price traded up 0.1% during mid-day trading on Monday . The stock traded as high as $11.90 and last traded at $11.90. 422 shares changed hands during trading, a decline of 99% from the average session volume of 38,114 shares. The stock had previously closed at $11.89.

Evergreen Stock Performance

The business’s fifty day simple moving average is $11.79 and its 200 day simple moving average is $11.66. The stock has a market cap of $96.04 million and a price-to-earnings ratio of 42.50.

Evergreen (NASDAQ:EVGR) last announced its earnings results on Thursday, October 10th. The company reported $0.07 earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Evergreen

Several hedge funds and other institutional investors have recently modified their holdings of EVGR. Spartan Fund Management Inc. acquired a new position in Evergreen in the third quarter worth about $603,000. K2 Principal Fund L.P. bought a new position in Evergreen during the second quarter worth $1,675,000. Quarry LP acquired a new position in Evergreen in the third quarter worth $1,734,000. Cowen AND Company LLC acquired a new stake in shares of Evergreen during the second quarter worth $2,706,000. Finally, Westchester Capital Management LLC acquired a new position in shares of Evergreen in the 3rd quarter valued at about $2,920,000. Institutional investors own 69.26% of the company’s stock.

Evergreen Company Profile

Evergreen Corporation is a blank check company. It intends to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in Kuala Lumpur, Malaysia.