Texxon Holding Limited’s (NASDAQ:NPT) Lock-Up Period Set To Expire Tomorrow

Texxon’s (NASDAQ:NPT) lock-up period is set to expire on Monday, April 20th. Texxon had issued 1,900,000 shares in its IPO on October 22nd. The total size of the offering was $9,500,000 based on an initial share price of $5.00. After the expiration 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

NPT has been the subject of several analyst reports. Wall Street Zen raised shares of Texxon from a “sell” rating to a “hold” rating in a report on Saturday, March 28th. Weiss Ratings initiated coverage on shares of Texxon in a report on Friday, January 16th. They issued a “sell (e-)” rating for the company. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Texxon Stock Up 23.0%

Shares of NASDAQ:NPT opened at $3.96 on Friday. The firm has a fifty day moving average price of $9.17. Texxon has a one year low of $2.79 and a one year high of $22.38.

Texxon Company Profile

Texxon Holding Limited is a provider of supply chain management services in the plastics and chemical industries principally in East China. Texxon Holding Limited is based in Shanghai, China.