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Epsium Enterprise (NASDAQ:EPSM) Trading Up 12.8% - Still a Buy?

Epsium Enterprise logo with Consumer Staples background

Key Points

  • Epsium Enterprise (NASDAQ:EPSM) saw a significant rise of 12.8% in its stock price, closing at $45.60 after reaching a high of $47.54.
  • Trading volume was notably low, with approximately 27,936 shares exchanged, marking a 94% decline from the average daily volume.
  • A hedge fund, Murchinson Ltd., recently acquired a new stake in Epsium Enterprise, purchasing 10,000 shares valued at about $53,000, representing ownership of 0.08% of the company.
  • Interested in Epsium Enterprise? Here are five stocks we like better.

Epsium Enterprise Limited (NASDAQ:EPSM - Get Free Report) shares were up 12.8% during trading on Thursday . The company traded as high as $47.54 and last traded at $45.60. Approximately 27,936 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 441,511 shares. The stock had previously closed at $40.41.

Epsium Enterprise Price Performance

The company's 50 day moving average is $24.42.

Institutional Inflows and Outflows

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

About Epsium Enterprise

(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.

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