HLXC’s (NASDAQ:HLXC) Quiet Period Will Expire on March 4th

HLXC’s (NASDAQ:HLXCGet Free Report) quiet period will expire on Wednesday, March 4th. HLXC had issued 15,000,000 shares in its IPO on January 23rd. The total size of the offering was $150,000,000 based on an initial share price of $10.00. During the company’s quiet period, insiders and underwriters involved in the IPO are prevented from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded HLXC to a “hold” rating in a research report on Saturday, January 31st.

View Our Latest Stock Report on HLXC

HLXC Price Performance

Shares of NASDAQ HLXC opened at $10.29 on Wednesday. HLXC has a one year low of $10.13 and a one year high of $10.35.

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