FREYR Battery (NYSE:FREY) Issues Quarterly Earnings Results

FREYR Battery (NYSE:FREY) posted its earnings results on Wednesday. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.02), RTT News reports. During the same quarter in the previous year, the business earned ($0.07) earnings per share.

FREYR Battery Stock Down 12.8 %

Shares of FREY traded down $0.30 on Friday, hitting $2.05. The company’s stock had a trading volume of 8,017,600 shares, compared to its average volume of 1,953,217. The firm has a market capitalization of $288.00 million, a price-to-earnings ratio of -3.27 and a beta of 0.72. FREYR Battery has a fifty-two week low of $0.91 and a fifty-two week high of $2.92. The firm’s fifty day moving average price is $1.10 and its 200-day moving average price is $1.51.

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.