FREYR Battery (NYSE:FREY) Shares Down 4.1% - Should You Sell?

FREYR Battery, Inc. (NYSE:FREY - Get Free Report)'s stock price traded down 4.1% on Friday . The company traded as low as $1.38 and last traded at $1.42. 1,108,532 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 2,487,329 shares. The stock had previously closed at $1.48.

FREYR Battery Price Performance

The business's 50-day moving average price is $1.29 and its two-hundred day moving average price is $1.56. The firm has a market cap of $196.69 million, a price-to-earnings ratio of -1.84 and a beta of 0.94.

Hedge Funds Weigh In On FREYR Battery

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Inscription Capital LLC acquired a new position in FREYR Battery during the first quarter worth approximately $82,000. Alpha Wealth Funds LLC acquired a new stake in shares of FREYR Battery in the fourth quarter worth $33,000. Southpoint Capital Advisors LP acquired a new stake in FREYR Battery during the 4th quarter valued at $14,922,000. Two Sigma Investments LP grew its holdings in FREYR Battery by 23.2% during the 4th quarter. Two Sigma Investments LP now owns 532,199 shares of the company's stock valued at $1,373,000 after purchasing an additional 100,326 shares in the last quarter. Finally, Shay Capital LLC acquired a new stake in FREYR Battery during the 4th quarter valued at $81,000. Institutional investors and hedge funds own 52.31% of the company's stock.

About FREYR Battery

FREYR Battery, Inc provides battery solutions in the United States, Norway, and internationally. The company develops battery cell manufacturing facilities. It serves its products to energy storage systems and commercial mobility, including marine applications and commercial vehicles markets. The company is headquartered in Luxembourg.