Ten-League International Holdings Limited’s (NASDAQ:TLIH) Lock-Up Period Will End on January 5th

Ten-League International’s (NASDAQ:TLIH) lock-up period is set to end on Monday, January 5th. Ten-League International had issued 2,240,000 shares in its IPO on July 8th. The total size of the offering was $8,960,000 based on an initial share price of $4.00. After the expiration of the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Analysts Set New Price Targets

Several analysts have weighed in on TLIH shares. Wall Street Zen raised shares of Ten-League International from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. Weiss Ratings began coverage on shares of Ten-League International in a report on Wednesday, October 8th. They issued a “sell (e-)” rating on the stock. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Ten-League International Price Performance

Shares of NASDAQ:TLIH opened at $0.39 on Wednesday. Ten-League International has a 12-month low of $0.31 and a 12-month high of $7.00. The company’s fifty day moving average is $0.41.

Ten-League International (NASDAQ:TLIH) last issued its earnings results on Wednesday, October 1st. The company reported $0.04 EPS for the quarter. The business had revenue of $14.83 million for the quarter.

About Ten-League International

Ten-League International, Inc is a manufacturer and distributor of hair care and beauty enhancement products serving both retail consumers and professional salons. The company’s offerings include wigs, hair extensions, hair systems, toupees and related accessories designed to address styling, medical and cosmetic needs.

Products are marketed under the Ten-League and True Glory brands, with distribution through e-commerce platforms, specialty beauty supply retailers and a network of salon partners.