Eos Energy Enterprises (NASDAQ:EOSEW) Trading Down 18.9% – What’s Next?

Eos Energy Enterprises, Inc. (NASDAQ:EOSEW) shares fell 18.9% during mid-day trading on Friday . The stock traded as low as $2.85 and last traded at $3.08. 381,847 shares traded hands during mid-day trading, an increase of 254% from the average session volume of 107,807 shares. The stock had previously closed at $3.80.

Eos Energy Enterprises Price Performance

The firm has a 50-day moving average price of $0.97 and a 200-day moving average price of $0.62.

Eos Energy Enterprises (NASDAQ:EOSEW) last posted its quarterly earnings results on Tuesday, November 5th. The company reported ($0.44) earnings per share (EPS) for the quarter. The firm had revenue of $0.85 million during the quarter.

Hedge Funds Weigh In On Eos Energy Enterprises

A hedge fund recently bought a new stake in Eos Energy Enterprises stock. LMR Partners LLP bought a new position in Eos Energy Enterprises, Inc. (NASDAQ:EOSEW) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 108,138 shares of the company’s stock, valued at approximately $51,000.

About Eos Energy Enterprises

Eos Energy Enterprises, Inc designs, manufactures, and markets zinc-based energy storage solutions for utility-scale, microgrid, and commercial and industrial (C&I) applications in the United States. The company offers Znyth technology battery energy storage system (BESS), which provides the operating flexibility to manage increased grid complexity and price volatility.