Burtech Acquisition (NASDAQ:BRKHU) Trading Up 1% – Should You Buy?

Burtech Acquisition Corp. (NASDAQ:BRKHU) traded up 1% during trading on Tuesday . The company traded as high as $11.60 and last traded at $11.60. 208 shares traded hands during trading, a decline of 86% from the average session volume of 1,507 shares. The stock had previously closed at $11.49.

Burtech Acquisition Stock Performance

The stock has a fifty day moving average price of $11.76 and a 200 day moving average price of $11.74.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Burtech Acquisition stock. Clear Street LLC lifted its stake in Burtech Acquisition Corp. (NASDAQ:BRKHU) by 92.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,900 shares of the company’s stock after acquiring an additional 2,354 shares during the period. Clear Street LLC’s holdings in Burtech Acquisition were worth $56,000 at the end of the most recent reporting period.

Burtech Acquisition Company Profile

Burtech Acquisition Corp. does not have significant operations. The company focuses to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire a business, which operates in the retail, lifestyle, hospitality, technology, and real estate markets.