DSC Holdings Ltd.’s Quiet Period Will Expire on August 4th (NASDAQ:DSC)

DSC’s (NASDAQ:DSC) quiet period is set to expire on Tuesday, August 4th. DSC had issued 3,000,000 shares in its initial public offering on June 25th. The total size of the offering was $51,000,000 based on an initial share price of $17.00. During DSC’s quiet period, insiders and any underwriters that worked on the IPO are prevented from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration 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.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of DSC to a “hold” rating in a report on Saturday, July 4th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of DSC in a report on Monday. They set a “buy” rating and a $12.00 target price on the stock. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $12.00.

DSC Stock Performance

Shares of NASDAQ:DSC opened at $5.72 on Tuesday. DSC has a 12-month low of $4.52 and a 12-month high of $16.35.