Evergreen (NASDAQ:EVGR) Trading Down 1% – Here’s What Happened

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

Evergreen Trading Down 1.0 %

The stock has a market cap of $96.57 million and a price-to-earnings ratio of 42.74. The stock has a fifty day simple moving average of $11.93 and a 200-day simple moving average of $11.78.

Institutional Trading of Evergreen

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EVGR. Quarry LP acquired a new stake in Evergreen in the 3rd quarter valued at approximately $1,734,000. Harraden Circle Investments LLC acquired a new stake in Evergreen in the 4th quarter valued at approximately $2,376,000. Westchester Capital Management LLC acquired a new stake in Evergreen in the 3rd quarter valued at approximately $2,920,000. Toronto Dominion Bank acquired a new stake in Evergreen in the 4th quarter valued at approximately $4,134,000. Finally, Mizuho Securities USA LLC grew its holdings in Evergreen by 0.8% in the 4th quarter. Mizuho Securities USA LLC now owns 418,896 shares of the company’s stock valued at $4,943,000 after buying an additional 3,496 shares during the last quarter. Institutional investors and hedge funds 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.