Ten-League International Holdings Limited’s (NASDAQ:TLIH) Lock-Up Period Set To Expire on January 5th

Ten-League International’s (NASDAQ:TLIH) lock-up period is set to end on Monday, January 5th. Ten-League International had issued 2,240,000 shares in its public offering on July 8th. The total size of the offering was $8,960,000 based on an initial share price of $4.00. After the end of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Weiss Ratings assumed coverage on Ten-League International in a report on Wednesday, October 8th. They issued a “sell (e-)” rating on the stock. Wall Street Zen upgraded Ten-League International from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Ten-League International Trading Down 1.9%

TLIH opened at $0.40 on Monday. Ten-League International has a twelve month low of $0.31 and a twelve month high of $7.00. The stock’s 50-day simple moving average is $0.41.

Ten-League International (NASDAQ:TLIH) last released its earnings results on Wednesday, October 1st. The company reported $0.04 earnings per share for the quarter. The business had revenue of $14.83 million during the quarter.

About Ten-League International

Ten-League International, Inc is a manufacturer and distributor of hair care and beauty enhancement products serving both retail consumers and professional salons. The company’s offerings include wigs, hair extensions, hair systems, toupees and related accessories designed to address styling, medical and cosmetic needs.

Products are marketed under the Ten-League and True Glory brands, with distribution through e-commerce platforms, specialty beauty supply retailers and a network of salon partners.