Hitek Global Inc.’s Quiet Period Will End on May 10th (NASDAQ:HKIT)

Hitek Global’s (NASDAQ:HKIT – Get Rating) quiet period will expire on Wednesday, May 10th. Hitek Global had issued 3,200,000 shares in its IPO on March 31st. The total size of the offering was $16,000,000 based on an initial share price of $5.00. During Hitek Global’s quiet period, insiders and underwriters involved in the IPO are prevented 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.

Hitek Global Stock Performance

HKIT opened at $6.03 on Wednesday. Hitek Global has a 52-week low of $4.40 and a 52-week high of $6.86.

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Hitek Global Company Profile

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Hitek Global Inc is an information technology consulting and solutions service provider principally in China. The company’s lines of business include services to small and medium businesses, which consists of Anti-Counterfeiting Tax Control System tax devices, ACTCS services and IT services as well as services to large businesses, which consists of hardware sales and software sales.

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