Marblegate Acquisition Corp. (NASDAQ:GATE – Get Free Report)’s share price dropped 2.6% during mid-day trading on Monday . The company traded as low as $10.86 and last traded at $10.58. Approximately 1,300 shares were traded during trading, a decline of 12% from the average daily volume of 1,480 shares. The stock had previously closed at $10.86.
Marblegate Acquisition Price Performance
The stock’s 50-day moving average price is $10.94 and its 200 day moving average price is $10.99.
Marblegate Acquisition Company Profile
Marblegate Acquisition Corp. does not have significant operations. The company focuses on effectuating a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire companies primarily in the education, business services, consumer products, and healthcare sectors.
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