Evergreen (NASDAQ:EVGR) Stock Price Down 1% – Here’s Why

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

Evergreen Stock Performance

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 $11.96 and a two-hundred day simple moving average of $11.82.

Institutional Trading of Evergreen

Several large investors have recently bought and sold shares of the business. Mizuho Securities USA LLC lifted its holdings in shares of Evergreen by 0.8% in the fourth quarter. Mizuho Securities USA LLC now owns 418,896 shares of the company’s stock worth $4,943,000 after acquiring an additional 3,496 shares during the last quarter. Quarry LP grew its holdings in shares of Evergreen by 2.4% during the 4th quarter. Quarry LP now owns 152,093 shares of the company’s stock valued at $1,807,000 after purchasing an additional 3,500 shares during the last quarter. Harraden Circle Investments LLC acquired a new position in Evergreen during the 4th quarter worth approximately $2,376,000. Westchester Capital Management LLC bought a new position in Evergreen in the 3rd quarter valued at approximately $2,920,000. Finally, Toronto Dominion Bank acquired a new stake in Evergreen in the fourth quarter valued at approximately $4,134,000. 69.26% of the stock is owned by institutional investors and hedge funds.

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.