Epsium Enterprise (NASDAQ:EPSM) Shares Gap Down - Time to Sell?

Key Points

• Epsium Enterprise Ltd shares gapped down prior to trading on Wednesday, opening at $39.17 after a previous close of $41.29, marking a 4.1% drop.
• Quadrature Capital Ltd recently acquired a new position in Epsium Enterprise, purchasing 18,673 shares valued at approximately $247,000, representing a 0.14% stake in the company.
• Epsium Enterprise operates primarily through its Macau subsidiary, Companhia de Comercio Luz Limitada, and is incorporated under the laws of the British Virgin Islands.

Epsium Enterprise Limited (NASDAQ:EPSM - Get Free Report)'s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $41.29, but opened at $39.17. Epsium Enterprise shares last traded at $39.17, with a volume of 2,459 shares changing hands.

Epsium Enterprise Stock Performance

The stock's fifty day simple moving average is $25.81.

Hedge Funds Weigh In On Epsium Enterprise

A hedge fund recently bought a new stake in Epsium Enterprise stock. Quadrature Capital Ltd acquired a new stake in Epsium Enterprise Limited (NASDAQ:EPSM - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 18,673 shares of the company's stock, valued at approximately $247,000. Quadrature Capital Ltd owned 0.14% of Epsium Enterprise at the end of the most recent quarter.

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.