DSC Holdings Ltd.’s (NASDAQ:DSC) Quiet Period Set To End on August 4th

DSC’s (NASDAQ:DSC) quiet period will 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 the company’s quiet period, insiders and underwriters involved in the IPO are prevented from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DSC. Wall Street Zen upgraded DSC to a “hold” rating in a research note on Saturday, July 4th. Deutsche Bank Aktiengesellschaft started coverage on shares of DSC in a research report on Monday. They set a “buy” rating and a $12.00 price objective for the company. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $12.00.

DSC Price Performance

NASDAQ DSC opened at $5.41 on Thursday. DSC has a fifty-two week low of $4.52 and a fifty-two week high of $16.35.