Quantum FinTech Acquisition (NYSE:QFTA) Trading 5.7% Higher – Still a Buy?

Shares of Quantum FinTech Acquisition Co. (NYSE:QFTAGet Free Report) shot up 5.7% during mid-day trading on Tuesday . The stock traded as high as $0.17 and last traded at $0.17. 193,017 shares changed hands during trading, an increase of 6,816% from the average session volume of 2,791 shares. The stock had previously closed at $0.16.

Quantum FinTech Acquisition Price Performance

The firm has a 50-day moving average price of $0.40 and a 200 day moving average price of $0.74.

Quantum FinTech Acquisition Company Profile

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Quantum FinTech Acquisition Corporation does not have significant operations. It intends to effect a merger, capital share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in Tampa, Florida.

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