Ten-League International Holdings Limited’s (NASDAQ:TLIH) Lock-Up Period Will Expire 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 initial public offering on July 8th. The total size of the offering was $8,960,000 based on an initial share price of $4.00. After the end of Ten-League International’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Analyst Upgrades and Downgrades

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

Ten-League International Stock Performance

NASDAQ:TLIH opened at $0.40 on Monday. Ten-League International has a 52 week low of $0.31 and a 52 week high of $7.00. The company’s 50-day simple moving average is $0.41.

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