Epsium Enterprise (NASDAQ:EPSM) Shares Down 2.4% – Here’s Why

Shares of Epsium Enterprise Limited (NASDAQ:EPSMGet Free Report) dropped 2.4% on Thursday . The stock traded as low as $1.22 and last traded at $1.2350. 13,350 shares traded hands during trading, a decline of 78% from the average session volume of 61,805 shares. The stock had previously closed at $1.2650.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Epsium Enterprise in a report on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Get Our Latest Report on Epsium Enterprise

Epsium Enterprise Stock Down 3.6%

The company’s fifty day moving average is $1.36 and its 200 day moving average is $1.58.

Epsium Enterprise (NASDAQ:EPSMGet Free Report) last issued its earnings results on Wednesday, April 29th. The company reported ($0.03) earnings per share (EPS) for the quarter. The business had revenue of $1.04 million for the quarter.

Institutional Trading of Epsium Enterprise

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. bought a new position in Epsium Enterprise in the 3rd quarter worth about $35,000. Two Sigma Investments LP purchased a new position in Epsium Enterprise during the 3rd quarter valued at about $112,000. Finally, PharVision Advisers LLC purchased a new position in Epsium Enterprise during the 3rd quarter valued at about $118,000.

Epsium Enterprise Company Profile

(Get Free Report)

We are a holding company incorporated under the laws of British Virgin Islands. As a holding company with no material operation of its own, we conduct substantially all our operations through an indirect Macau subsidiary, Companhia de Comercio Luz Limitada in Macau, or Luz. Luz is an 80%-owned subsidiary of Epsium Enterprise Limited in Hong Kong, or Epsium HK. Mr. Son I Tam, our CEO, Chairman, principal shareholder, and the founder of Epsium and Luz directly holds (i) 89.996% ownership interest in Epsium, (ii) 19% interest in Epsium HK, and (iii) 20% ownership interest in Luz.

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