Art Technology Acquisition Corp. Class A Ordinary Shares’ Lock-Up Period Will End on July 6th (NASDAQ:ARTC)

Art Technology Acquisition Corp. Class A Ordinary Shares’ (NASDAQ:ARTC) lock-up period will end on Monday, July 6th. Art Technology Acquisition Corp. Class A Ordinary Shares had issued 22,000,000 shares in its public offering on January 6th. The total size of the offering was $220,000,000 based on an initial share price of $10.00. After the expiration of Art Technology Acquisition Corp. Class A Ordinary Shares’ lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Analyst Ratings Changes

Separately, Weiss Ratings initiated coverage on Art Technology Acquisition Corp. Class A Ordinary Shares in a research note on Tuesday, May 26th. They issued a “sell (e)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Art Technology Acquisition Corp. Class A Ordinary Shares Stock Performance

ARTC opened at $9.91 on Monday. The firm has a market cap of $258.90 million and a price-to-earnings ratio of 24.77. Art Technology Acquisition Corp. Class A Ordinary Shares has a 52-week low of $9.78 and a 52-week high of $9.94. The stock’s fifty day moving average is $9.89.