Epsium Enterprise (NASDAQ:EPSM) Stock Price Down 41% – What’s Next?

Epsium Enterprise Limited (NASDAQ:EPSM)’s stock price dropped 41% on Tuesday . The company traded as low as $2.62 and last traded at $3.40. Approximately 1,063,962 shares were traded during mid-day trading, an increase of 552% from the average daily volume of 163,305 shares. The stock had previously closed at $5.76.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Epsium Enterprise in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Epsium Enterprise Stock Down 41.0%

The business has a 50 day moving average price of $28.06 and a 200 day moving average price of $21.27.

Institutional Trading of Epsium Enterprise

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Quadrature Capital Ltd purchased a new position in Epsium Enterprise in the second quarter worth about $247,000. Murchinson Ltd. bought a new stake in shares of Epsium Enterprise during the first quarter valued at approximately $53,000. Finally, JPMorgan Chase & Co. bought a new stake in shares of Epsium Enterprise during the third quarter valued at approximately $35,000.

About Epsium Enterprise

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.