Epsium Enterprise Limited’s (NASDAQ:EPSM) Quiet Period Will End on December 8th

Epsium Enterprise’s (NASDAQ:EPSM) quiet period will end on Monday, December 8th. Epsium Enterprise had issued 1,250,000 shares in its initial public offering on October 29th. The total size of the offering was $5,000,000 based on an initial share price of $4.00. During Epsium Enterprise’s quiet period, insiders and any underwriters that worked on the IPO are restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analyst Weigh In

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

Epsium Enterprise Stock Down 2.1%

Shares of Epsium Enterprise stock opened at $3.76 on Monday. Epsium Enterprise has a 1-year low of $1.31 and a 1-year high of $155.00. The company has a 50 day moving average of $17.77 and a 200-day moving average of $20.52.

Institutional Trading of Epsium Enterprise

A number of hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. bought a new stake in Epsium Enterprise during the 3rd quarter worth $35,000. Murchinson Ltd. bought a new position in Epsium Enterprise during the first quarter worth $53,000. Two Sigma Investments LP acquired a new position in Epsium Enterprise during the 3rd quarter worth approximately $112,000. PharVision Advisers LLC bought a new position in shares of Epsium Enterprise in the 3rd quarter worth $118,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Epsium Enterprise during the second quarter valued at about $247,000.

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.