Ten-League International Holdings Limited’s Lock-Up Period Will End Tomorrow (NASDAQ:TLIH)

Ten-League International’s (NASDAQ:TLIH) lock-up period will end on Monday, January 5th. Ten-League International had issued 2,240,000 shares in its IPO on July 8th. The total size of the offering was $8,960,000 based on an initial share price of $4.00. After the expiration of the company’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Analyst Ratings Changes

Several equities research analysts recently commented on TLIH shares. Weiss Ratings began coverage on Ten-League International in a report on Wednesday, October 8th. They issued a “sell (e-)” rating for the company. Wall Street Zen upgraded shares of Ten-League International from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Ten-League International has an average rating of “Sell”.

Ten-League International Stock Up 4.3%

NASDAQ:TLIH opened at $0.39 on Friday. Ten-League International has a one year low of $0.31 and a one year high of $7.00. The business has a fifty day moving average of $0.40.

Ten-League International (NASDAQ:TLIH) last posted its earnings results on Wednesday, October 1st. The company reported $0.04 earnings per share for the quarter. The business had revenue of $14.83 million during the quarter.

Ten-League International Company Profile

Ten-League International, Inc is a manufacturer and distributor of hair care and beauty enhancement products serving both retail consumers and professional salons. The company’s offerings include wigs, hair extensions, hair systems, toupees and related accessories designed to address styling, medical and cosmetic needs.

Products are marketed under the Ten-League and True Glory brands, with distribution through e-commerce platforms, specialty beauty supply retailers and a network of salon partners.