Perfect Moment Ltd.’s Lock-Up Period To Expire Tomorrow (NASDAQ:PMNT)

Perfect Moment’s (NASDAQ:PMNT) lock-up period is set to expire on Tuesday, August 6th. Perfect Moment had issued 1,334,000 shares in its public offering on February 8th. The total size of the offering was $8,004,000 based on an initial share price of $6.00. After the expiration of Perfect Moment’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Analyst Ratings Changes

Separately, ThinkEquity started coverage on shares of Perfect Moment in a research note on Tuesday, July 9th. They issued a “buy” rating and a $6.00 price target for the company.

Perfect Moment Stock Up 1.6 %

Shares of NASDAQ:PMNT opened at $1.81 on Monday. Perfect Moment has a twelve month low of $1.50 and a twelve month high of $6.05. The business’s 50 day moving average is $2.18.

Perfect Moment (NASDAQ:PMNT) last released its quarterly earnings results on Monday, July 1st. The company reported ($0.76) EPS for the quarter. The company had revenue of $4.84 million for the quarter.

About Perfect Moment

Perfect Moment Ltd., together with its subsidiaries, owns and operates a fashion brand that offers ski, surf, and activewear collections under the brand name of Perfect Moment. It offers skiwear, outerwear, swimwear and activewear for women, men, and children. The company sells its collections directly to customers through e-commerce and to wholesale accounts, as well as through other sales partnerships.