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

Epsium Enterprise’s (NASDAQ:EPSM) quiet period is set to end on Monday, December 8th. Epsium Enterprise had issued 1,250,000 shares in its 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 the company’s quiet period, insiders and underwriters involved in the IPO are prevented from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Epsium Enterprise in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Epsium Enterprise has a consensus rating of “Sell”.

Epsium Enterprise Trading 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 simple moving average of $17.77 and a two-hundred day simple moving average of $20.52.

Institutional Investors Weigh In On Epsium Enterprise

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new stake in shares of Epsium Enterprise in the 3rd quarter worth approximately $35,000. Murchinson Ltd. bought a new position in shares of Epsium Enterprise in the 1st quarter worth about $53,000. Two Sigma Investments LP bought a new position in shares of Epsium Enterprise during the third quarter valued at approximately $112,000. PharVision Advisers LLC bought a new stake in Epsium Enterprise in the third quarter worth $118,000. Finally, Quadrature Capital Ltd purchased a new position in Epsium Enterprise in the second quarter worth about $247,000.

Epsium Enterprise Company Profile

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.