Keen Vision Acquisition (NASDAQ:KVAC) Shares Up 0.2% – Still a Buy?

Keen Vision Acquisition Corporation (NASDAQ:KVAC)’s stock price shot up 0.2% on Monday . The stock traded as high as $12.00 and last traded at $11.48. 1,200 shares were traded during trading, a decline of 91% from the average session volume of 12,840 shares. The stock had previously closed at $11.45.

Keen Vision Acquisition Stock Performance

The company’s 50-day moving average price is $11.41 and its two-hundred day moving average price is $11.28.

Hedge Funds Weigh In On Keen Vision Acquisition

Several large investors have recently made changes to their positions in KVAC. Toronto Dominion Bank bought a new position in shares of Keen Vision Acquisition during the 4th quarter valued at about $304,000. Spartan Fund Management Inc. purchased a new stake in shares of Keen Vision Acquisition in the fourth quarter worth approximately $779,000. Westchester Capital Management LLC purchased a new stake in shares of Keen Vision Acquisition in the first quarter worth approximately $787,000. Finally, Tabor Asset Management LP purchased a new stake in shares of Keen Vision Acquisition in the first 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.