Duke Robotics Corp’s (NASDAQ:DUKR) Lock-Up Period To Expire on November 11th

Duke Robotics’ (NASDAQ:DUKR) lock-up period will end on Wednesday, November 11th. Duke Robotics had issued 1,125,000 shares in its public offering on May 15th. The total size of the offering was $9,225,000 based on an initial share price of $8.20. After the end of the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DUKR. Weiss Ratings restated a “sell (d-)” rating on shares of Duke Robotics in a research note on Monday, September 14th. Maxim Group started coverage on shares of Duke Robotics in a research report on Tuesday, July 21st. They set a “buy” rating and a $12.00 price target on the stock. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $12.00.

Duke Robotics Trading Down 11.3%

Shares of DUKR opened at $2.89 on Friday. Duke Robotics has a 52 week low of $2.77 and a 52 week high of $14.20. The company has a quick ratio of 14.47, a current ratio of 14.47 and a debt-to-equity ratio of 0.05. The business has a 50 day moving average price of $4.86.

Duke Robotics (NASDAQ:DUKR) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.26) earnings per share (EPS) for the quarter. The company had revenue of $0.15 million during the quarter.

About Duke Robotics

Duke Robotics, Inc is a defense technology company focused on developing unmanned robotic systems for military and security applications. Its work has centered on remotely operated aerial platforms designed to support missions in environments that may be dangerous for personnel.

The company is best known for TIKAD, an unmanned aerial system intended to provide precision strike and other tactical capabilities. Duke Robotics has described its technology as serving defense, law enforcement and security organizations, although publicly available information about its commercial operations and customer base is limited.

Duke Robotics was associated with Israel-founded defense technology development and has operated in the United States.