K-Tech Solutions Company Limited’s Lock-Up Period To Expire Tomorrow (NASDAQ:KMRK)

K-Tech Solutions’ (NASDAQ:KMRK) lock-up period is set to expire on Monday, January 12th. K-Tech Solutions had issued 1,600,000 shares in its initial public offering on July 16th. The total size of the offering was $6,400,000 based on an initial share price of $4.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings started coverage on K-Tech Solutions in a research report on Thursday, October 9th. They set a “sell (e-)” rating on the stock. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

K-Tech Solutions Stock Down 0.3%

Shares of K-Tech Solutions stock opened at $1.44 on Friday. The stock has a fifty day simple moving average of $1.17. K-Tech Solutions has a 12 month low of $0.86 and a 12 month high of $5.50.

K-Tech Solutions Company Profile

We are principally engaged in the design, development, testing and sale of a diverse portfolio of toy products ranging from simple plastic toy products to more complex electromechanical toy products. Our solution services span across the entire development stage of toy products from design, prototype testing, production management, quality control to after-sales services. We specialize in the development of infant and pre-school educational toys and learning kits. We started our operation in 2016 and have developed relationships with our customers mainly located in European and North American countries which possess renowned brands and intellectual properties in toy products.