Liberty Defense Holdings, Ltd.’s Lock-Up Period Will End Tomorrow (NASDAQ:DETX)

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. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Liberty Defense in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has an average rating of “Sell”.

Liberty Defense Price Performance

Shares of Liberty Defense stock opened at $1.44 on Friday. Liberty Defense has a one year low of $1.36 and a one year high of $4.98. The company has a 50-day moving average price of $2.62. The company has a market cap of $2.85 million and a price-to-earnings ratio of -0.80.

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

Institutional Trading of Liberty Defense

A hedge fund recently bought a new stake in Liberty Defense stock. AWM Investment Company Inc. purchased a new stake in shares of Liberty Defense Holdings, Ltd. (NASDAQ:DETX) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 514,300 shares of the company’s stock, valued at approximately $2,083,000. AWM Investment Company Inc. owned 25.97% of Liberty Defense as of its most recent SEC filing.

Liberty Defense Company Profile

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.