FinTech Acquisition Corp. III (NASDAQ:FTAC) posted its quarterly earnings results on Wednesday. The company reported ($0.15) earnings per share (EPS) for the quarter, Fidelity Earnings reports.
Shares of FTAC traded up $0.37 during mid-day trading on Friday, reaching $11.37. The company’s stock had a trading volume of 973,640 shares, compared to its average volume of 409,634. FinTech Acquisition Corp. III has a 12-month low of $9.75 and a 12-month high of $12.25. The company has a market cap of $503.54 million, a P/E ratio of 87.47 and a beta of 0.02.
In other news, major shareholder Glazer Capital, Llc sold 1,900,000 shares of the stock in a transaction dated Wednesday, October 14th. The stock was sold at an average price of $10.79, for a total value of $20,501,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.50% of the company’s stock.
FinTech Acquisition Corp. III does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization or similar business combination with one or more businesses or assets. The company was founded in 2017 and is based in Philadelphia, Pennsylvania.
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