Liberty Defense Holdings, Ltd.’s Quiet Period To Expire on June 1st (NASDAQ:DETX)

Liberty Defense’s (NASDAQ:DETX) quiet period will end on Monday, June 1st. Liberty Defense had issued 3,673,638 shares in its IPO on April 22nd. The total size of the offering was $16,531,371 based on an initial share price of $4.50. During Liberty Defense’s quiet period, insiders and any underwriters that worked on the IPO are prevented from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analysts Set New Price Targets

Separately, Weiss Ratings started coverage on Liberty Defense in a research report on Friday, April 24th. They issued a “sell (e+)” rating for the company. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Liberty Defense Price Performance

Shares of NASDAQ:DETX opened at $3.96 on Monday. Liberty Defense has a 1 year low of $3.74 and a 1 year high of $4.98.