DRW Securities LLC Invests $29,000 in FREYR Battery, Inc. (NYSE:FREY)

DRW Securities LLC bought a new stake in FREYR Battery, Inc. (NYSE:FREY) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 29,800 shares of the company’s stock, valued at approximately $29,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. acquired a new position in shares of FREYR Battery in the second quarter valued at about $26,000. Bayesian Capital Management LP purchased a new position in FREYR Battery during the 1st quarter worth approximately $33,000. SG Americas Securities LLC acquired a new stake in FREYR Battery during the 2nd quarter valued at approximately $38,000. WINTON GROUP Ltd purchased a new stake in shares of FREYR Battery in the 2nd quarter valued at $56,000. Finally, American Century Companies Inc. acquired a new stake in shares of FREYR Battery in the second quarter worth $61,000. Hedge funds and other institutional investors own 52.31% of the company’s stock.

FREYR Battery Stock Performance

Shares of FREY opened at $2.15 on Thursday. The business’s 50-day moving average is $1.38 and its two-hundred day moving average is $1.55. The company has a market capitalization of $302.05 million, a P/E ratio of -2.84 and a beta of 0.72. FREYR Battery, Inc. has a fifty-two week low of $0.91 and a fifty-two week high of $2.85.

FREYR Battery (NYSE:FREY) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.02). During the same period last year, the firm posted ($0.07) earnings per share.

FREYR Battery Profile

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.