DSC Holdings Ltd.’s (NASDAQ:DSC) Quiet Period Will End on August 4th

DSC’s (NASDAQ:DSC) quiet period will expire on Tuesday, August 4th. DSC had issued 3,000,000 shares in its public offering on June 25th. The total size of the offering was $51,000,000 based on an initial share price of $17.00. During DSC’s quiet period, underwriters and any insiders involved in the IPO are prevented from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wall Street Zen upgraded DSC to a “hold” rating in a research note on Saturday, July 4th. Deutsche Bank Aktiengesellschaft started coverage on shares of DSC in a research note on Monday. They issued a “buy” rating and a $12.00 price target on the stock. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $12.00.

DSC Stock Performance

Shares of NASDAQ:DSC opened at $5.72 on Tuesday. DSC has a 52-week low of $4.52 and a 52-week high of $16.35.