Liberty Defense Holdings, Ltd.’s (NASDAQ:DETX) Lock-Up Period Will End on October 19th

Liberty Defense’s (NASDAQ:DETX) lock-up period will end on Monday, October 19th. Liberty Defense had issued 3,673,638 shares in its initial public offering on April 22nd. The total size of the offering was $16,531,371 based on an initial share price of $4.50. After the expiration of Liberty Defense’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Liberty Defense in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, Liberty Defense presently has a consensus rating of “Sell”.

Liberty Defense Stock Performance

Shares of DETX stock opened at $1.56 on Wednesday. Liberty Defense has a 1 year low of $1.56 and a 1 year high of $4.98. The business’s fifty day moving average is $2.71.

Liberty Defense (NASDAQ:DETX) last issued its quarterly earnings results on Monday, August 17th. The company reported ($0.43) earnings per share for the quarter. The business had revenue of $0.04 million for the quarter.

Institutional Investors Weigh In On Liberty Defense

A hedge fund recently bought a new stake in Liberty Defense stock. AWM Investment Company Inc. purchased a new stake in Liberty Defense Holdings, Ltd. (NASDAQ:DETX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 514,300 shares of the company’s stock, valued at approximately $2,083,000. AWM Investment Company Inc. owned approximately 25.97% of Liberty Defense as of its most recent SEC filing.

Liberty Defense Company Profile

Liberty Defense Holdings Ltd. is a security technology company that develops artificial intelligence-enabled solutions for detecting concealed weapons and other threats. Its systems are designed to support security screening in locations such as airports, schools, sports and entertainment venues, transportation facilities, and other public or private sites.

The company’s product portfolio includes HEXWAVE, a three-dimensional radar-based platform intended to identify concealed weapons and other prohibited items without requiring individuals to pass through a traditional metal detector.