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

DSC’s (NASDAQ:DSC) quiet period is set to expire on Tuesday, August 4th. DSC had issued 3,000,000 shares in its initial 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 the company’s quiet period, underwriters and any insiders that worked on the IPO are restricted from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration 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 analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of DSC in a research note on Monday, July 27th. They issued a “buy” rating and a $12.00 target price for the company. Wall Street Zen upgraded shares of DSC to a “hold” rating in a research note on Saturday, July 4th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $12.00.

DSC Price Performance

DSC opened at $4.92 on Friday. DSC has a 1-year low of $4.52 and a 1-year high of $16.35.