K-Tech Solutions Company Limited’s Lock-Up Period To End on January 12th (NASDAQ:KMRK)

K-Tech Solutions’ (NASDAQ:KMRK) lock-up period will expire on Monday, January 12th. K-Tech Solutions had issued 1,600,000 shares in its initial public offering on July 16th. The total size of the offering was $6,400,000 based on an initial share price of $4.00. After the end of the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings initiated coverage on shares of K-Tech Solutions in a research report on Thursday, October 9th. They issued a “sell (e-)” rating for the company. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, K-Tech Solutions currently has an average rating of “Sell”.

K-Tech Solutions Stock Performance

KMRK opened at $1.48 on Monday. The stock has a 50 day simple moving average of $1.14. K-Tech Solutions has a 1-year low of $0.86 and a 1-year high of $5.50.

About K-Tech Solutions

We are principally engaged in the design, development, testing and sale of a diverse portfolio of toy products ranging from simple plastic toy products to more complex electromechanical toy products. Our solution services span across the entire development stage of toy products from design, prototype testing, production management, quality control to after-sales services. We specialize in the development of infant and pre-school educational toys and learning kits. We started our operation in 2016 and have developed relationships with our customers mainly located in European and North American countries which possess renowned brands and intellectual properties in toy products.