Dynamic Technology Lab Private Ltd Purchases Shares of 11,907 FREYR Battery, Inc. (NYSE:FREY)

Dynamic Technology Lab Private Ltd acquired a new position in shares of FREYR Battery, Inc. (NYSE:FREY) in the 4th quarter, HoldingsChannel reports. The fund acquired 11,907 shares of the company’s stock, valued at approximately $31,000.

Several other hedge funds also recently modified their holdings of the stock. Wells Fargo & Company MN boosted its stake in FREYR Battery by 7.7% during the fourth quarter. Wells Fargo & Company MN now owns 160,091 shares of the company’s stock worth $413,000 after acquiring an additional 11,502 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of FREYR Battery by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 1,363,260 shares of the company’s stock valued at $3,517,000 after purchasing an additional 21,232 shares during the period. Franklin Resources Inc. boosted its position in shares of FREYR Battery by 4.8% during the 4th quarter. Franklin Resources Inc. now owns 959,500 shares of the company’s stock worth $2,476,000 after purchasing an additional 43,800 shares in the last quarter. AXQ Capital LP acquired a new stake in shares of FREYR Battery in the 4th quarter valued at about $47,000. Finally, Intech Investment Management LLC bought a new stake in FREYR Battery in the 4th quarter valued at about $142,000. Institutional investors own 52.31% of the company’s stock.

Wall Street Analyst Weigh In

Separately, BTIG Research raised FREYR Battery from a “neutral” rating to a “buy” rating and set a $4.00 price objective for the company in a research note on Friday, December 20th.

FREYR Battery Trading Up 4.5 %

NYSE FREY opened at $1.15 on Friday. The company has a market cap of $161.56 million, a P/E ratio of -1.51 and a beta of 0.94. The company has a fifty day simple moving average of $1.52 and a 200 day simple moving average of $1.73. FREYR Battery, Inc. has a 12-month low of $0.91 and a 12-month high of $3.36.

FREYR Battery Company 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.