Credit Suisse Group AG assumed coverage on shares of WL Ross Holding Corp (NASDAQ:NXEO) in a report issued on Monday morning. The brokerage issued a neutral rating and a $8.50 target price on the stock.
NXEO has been the subject of a number of other research reports. Deutsche Bank AG started coverage on WL Ross Holding Corp in a research report on Monday, August 15th. They set a buy rating and a $11.00 price target for the company. Jefferies Group started coverage on WL Ross Holding Corp in a research report on Friday, September 9th. They set a hold rating and a $10.00 price target for the company. Finally, Bank of America Corp. started coverage on WL Ross Holding Corp in a research report on Monday, June 27th. They set a buy rating for the company.
Shares of WL Ross Holding Corp (NASDAQ:NXEO) traded down 1.66% on Monday, hitting $7.72. The stock had a trading volume of 321 shares. The company’s 50 day moving average price is $8.43 and its 200-day moving average price is $9.22. WL Ross Holding Corp has a 12 month low of $7.43 and a 12 month high of $10.39. The company’s market cap is $689.29 million.
In related news, Director Thomas E. Zacharias acquired 4,000 shares of the firm’s stock in a transaction dated Monday, August 15th. The stock was acquired at an average price of $8.96 per share, with a total value of $35,840.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider David A. Bradley acquired 55,000 shares of the firm’s stock in a transaction dated Friday, August 12th. The stock was bought at an average cost of $8.81 per share, with a total value of $484,550.00. Following the acquisition, the insider now owns 55,000 shares in the company, valued at $484,550. The disclosure for this purchase can be found here.