Evergreen (NASDAQ:EVGR) Stock Price Down 1% – What’s Next?

Evergreen Co. (NASDAQ:EVGR)’s share price was down 1% during mid-day trading on Thursday . The company traded as low as $11.95 and last traded at $11.97. Approximately 4,449 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 20,023 shares. The stock had previously closed at $12.09.

Evergreen Trading Down 1.0 %

The firm’s fifty day simple moving average is $11.93 and its 200 day simple moving average is $11.78. The company has a market cap of $96.57 million and a price-to-earnings ratio of 42.74.

Hedge Funds Weigh In On Evergreen

Large investors have recently bought and sold shares of the business. Quarry LP purchased a new stake in Evergreen during the 3rd quarter worth about $1,734,000. Harraden Circle Investments LLC acquired a new stake in shares of Evergreen during the 4th quarter worth about $2,376,000. Westchester Capital Management LLC purchased a new stake in Evergreen during the third quarter worth approximately $2,920,000. Toronto Dominion Bank acquired a new position in Evergreen in the fourth quarter valued at approximately $4,134,000. Finally, Mizuho Securities USA LLC increased its stake in Evergreen by 0.8% in the fourth quarter. Mizuho Securities USA LLC now owns 418,896 shares of the company’s stock valued at $4,943,000 after purchasing an additional 3,496 shares during the last quarter. Hedge funds and other 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.