Liberty Defense Holdings, Ltd.’s (NASDAQ:DETX) Lock-Up Period To Expire on October 19th

Liberty Defense’s (NASDAQ:DETX) lock-up period will end on Monday, October 19th. Liberty Defense had issued 3,673,638 shares in its IPO on April 22nd. The total size of the offering was $16,531,371 based on an initial share price of $4.50. After the expiration of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Liberty Defense in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Liberty Defense Trading Down 4.6%

Shares of NASDAQ:DETX opened at $1.46 on Friday. The company’s 50 day moving average price is $2.65. The stock has a market capitalization of $2.90 million and a PE ratio of -0.81. Liberty Defense has a 12 month low of $1.36 and a 12 month high of $4.98.

Liberty Defense (NASDAQ:DETX) last posted its earnings results on Monday, August 17th. The company reported ($0.43) earnings per share (EPS) for the quarter. The business had revenue of $0.04 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Liberty Defense stock. AWM Investment Company Inc. acquired a new position in Liberty Defense Holdings, Ltd. (NASDAQ:DETX) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 514,300 shares of the company’s stock, valued at approximately $2,083,000. AWM Investment Company Inc. owned approximately 25.97% of Liberty Defense as of its most recent filing with the Securities & Exchange Commission.

About Liberty Defense

Liberty Defense Holdings Ltd. is a security technology company that develops artificial intelligence-enabled solutions for detecting concealed weapons and other threats. Its systems are designed to support security screening in locations such as airports, schools, sports and entertainment venues, transportation facilities, and other public or private sites.

The company’s product portfolio includes HEXWAVE, a three-dimensional radar-based platform intended to identify concealed weapons and other prohibited items without requiring individuals to pass through a traditional metal detector.