OMS Energy Technologies' (NASDAQ:OMSE - Get Free Report) quiet period will expire on Monday, June 23rd. OMS Energy Technologies had issued 3,703,704 shares in its IPO on May 13th. The total size of the offering was $33,333,336 based on an initial share price of $9.00. During the company's quiet period, underwriters and any insiders involved in the IPO are restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company's quiet period, it's expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded shares of OMS Energy Technologies to a "hold" rating in a research note on Saturday, May 24th.
View Our Latest Report on OMSE
OMS Energy Technologies Price Performance
Shares of OMSE traded up $0.30 on Thursday, hitting $7.80. 79,155 shares of the stock traded hands, compared to its average volume of 107,856. OMS Energy Technologies has a one year low of $6.09 and a one year high of $9.86.
About OMS Energy Technologies
(
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We are a growth-oriented manufacturer of surface wellhead systems, or SWS, and oil country tubular goods, or OCTG products used in the oil and gas industry. These products are primarily used for both onshore and offshore oil exploration and production, or E&P activities in the Asia Pacific and the Middle Eastern and North Africa (MENA) Regions.
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