Catalent’s Quiet Period Will End on September 9th (NASDAQ:CTLT)
Catalent’s (NASDAQ:CTLT) quiet period will end on Tuesday, September 9th. Catalent had issued 42,500,000 shares in its IPO on July 31st, StockRatingsNetwork.com reports. The total size of the offering was $871,250,000 based on an initial share price of $20.50. During Catalent’s quiet period, insiders and underwriters that worked on the IPO are restricted from issuing any research reports for the company because of SEC regulations. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
Catalent (NASDAQ:CTLT) traded up 0.55% during mid-day trading on Thursday, hitting $21.80. 56,689 shares of the company’s stock traded hands. Catalent has a 1-year low of $19.30 and a 1-year high of $21.80. The stock has a 50-day moving average of $20.72 and a 200-day moving average of $20.72. The company has a market cap of $2.558 billion and a P/E ratio of 208.46.
Catalent, Inc is a global provider of advanced delivery technologies and development solutions for drugs, biologics and consumer health products.