Perfect Moment Ltd.’s (NASDAQ:PMNT) Lock-Up Period Will Expire on August 6th

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 IPO on February 8th. The total size of the offering was $8,004,000 based on an initial share price of $6.00. After the end of Perfect Moment’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Wall Street Analysts Forecast Growth

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

Perfect Moment Stock Performance

PMNT opened at $1.75 on Tuesday. The business’s fifty day simple moving average is $2.18. Perfect Moment has a 1-year low of $1.50 and a 1-year high of $6.05.

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

Perfect Moment Company Profile

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.