Marblegate Acquisition (NASDAQ:GATE) Reaches New 52-Week High – Should You Buy?

Marblegate Acquisition Corp. (NASDAQ:GATEGet Free Report) reached a new 52-week high on Thursday . The company traded as high as $47.17 and last traded at $54.37, with a volume of 20761 shares. The stock had previously closed at $16.26.

Marblegate Acquisition Price Performance

The firm has a fifty day simple moving average of $12.53 and a 200 day simple moving average of $11.54.

About Marblegate Acquisition

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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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