Londian Wason New Energy Tech Inc. American Depositary Shares, each representing five’s (NYSE:FOIL) Quiet Period Will End on September 21st

by · The Markets Daily

Londian Wason New Energy Tech Inc. American Depositary Shares, each representing five’s (NYSE:FOIL – Get Free Report) quiet period will expire on Monday, September 21st. Londian Wason New Energy Tech Inc. American Depositary Shares, each representing five had issued 4,300,000 shares in its public offering on August 12th. The total size of the offering was $94,600,000 based on an initial share price of $22.00. During Londian Wason New Energy Tech Inc. American Depositary Shares, each representing five’s quiet period, insiders and any underwriters involved in the IPO are restricted from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analysts Set New Price Targets

FOIL has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Londian Wason New Energy Tech Inc. American Depositary Shares, each representing five to a “hold” rating in a research report on Saturday, August 22nd. Cantor Fitzgerald assumed coverage on shares of Londian Wason New Energy Tech Inc. American Depositary Shares, each representing five in a research report on Tuesday, September 8th. They set an “overweight” rating and a $31.00 price objective for the company. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $31.00.

Read Our Latest Stock Analysis on FOIL

Londian Wason New Energy Tech Inc. American Depositary Shares, each representing five Stock Performance

Shares of NYSE FOIL opened at $20.22 on Friday. Londian Wason New Energy Tech Inc. American Depositary Shares, each representing five has a 12-month low of $19.00 and a 12-month high of $28.49.

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