Texxon Holding Limited’s (NASDAQ:NPT) Lock-Up Period Will End on April 20th

Texxon’s (NASDAQ:NPT) lock-up period is set to end on Monday, April 20th. Texxon had issued 1,900,000 shares in its initial public offering on October 22nd. The total size of the offering was $9,500,000 based on an initial share price of $5.00. After the end of Texxon’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on NPT shares. Wall Street Zen upgraded shares of Texxon from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. Weiss Ratings started coverage on shares of Texxon in a research note on Friday, January 16th. They set a “sell (e-)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Texxon Price Performance

Texxon stock opened at $7.41 on Wednesday. The business’s 50-day simple moving average is $9.31. Texxon has a one year low of $3.14 and a one year high of $22.38.

About Texxon

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.