Newater Technology’s (NASDAQ:NEWA) lock-up period will expire on Wednesday, January 24th. Newater Technology had issued 1,400,000 shares in its IPO on July 28th. The total size of the offering was $7,000,000 based on an initial share price of $5.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.
Shares of Newater Technology (NASDAQ:NEWA) opened at $10.66 on Friday. The company has a market cap of $113.17 and a PE ratio of 53.30. Newater Technology has a twelve month low of $7.32 and a twelve month high of $21.00.
ILLEGAL ACTIVITY WARNING: This news story was originally posted by Ticker Report and is owned by of Ticker Report. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright & trademark legislation. The original version of this news story can be viewed at https://www.tickerreport.com/banking-finance/3144950/newater-technology-inc-s-lock-up-period-set-to-expire-on-january-24th-nasdaqnewa.html.
Newater Technology, Inc is a wastewater purification treatment company. The Company is focused on the development, manufacture and sale of disk tube reverse osmosis (DTRO) and disk tube nanofiltration (DTNF) membrane filtration products that are used in the treatment, recycling and discharge of wastewater.
Receive News & Ratings for Newater Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newater Technology and related companies with MarketBeat.com's FREE daily email newsletter.