Waton Financial Limited’s (NASDAQ:WTF) Lock-Up Period Will Expire on September 29th

Waton Financial’s (NASDAQ:WTF) lock-up period is set to expire on Monday, September 29th. Waton Financial had issued 4,375,000 shares in its initial public offering on April 1st. The total size of the offering was $17,500,000 based on an initial share price of $4.00. After the expiration of Waton Financial’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Waton Financial from a “sell” rating to a “hold” rating in a research note on Friday, May 30th.

Waton Financial Stock Performance

NASDAQ:WTF opened at $6.61 on Wednesday. The firm’s fifty day moving average is $5.04. Waton Financial has a fifty-two week low of $4.05 and a fifty-two week high of $19.85.

Waton Financial Company Profile

Waton Financial Ltd. is a holding company, which engages in the provision of securities brokerage and financial technology services. It is also involved in software licensing and related support services including the licensing of trading platform app, upgrades and enhancements, maintenance, and other related services to financial institutions.