Pitanium Limited's (NASDAQ:PTNM) Quiet Period Set To Expire on July 9th

Pitanium's (NASDAQ:PTNM - Get Free Report) quiet period is set to expire on Wednesday, July 9th. Pitanium had issued 1,750,000 shares in its public offering on May 30th. The total size of the offering was $7,000,000 based on an initial share price of $4.00. During Pitanium's quiet period, insiders and underwriters that worked on the IPO are prevented from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the end 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.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Pitanium to a "hold" rating in a report on Saturday, June 14th.

Pitanium Trading Down 4.8%

Shares of NASDAQ:PTNM traded down $0.42 during mid-day trading on Thursday, reaching $8.34. 80,820 shares of the stock were exchanged, compared to its average volume of 1,392,995. Pitanium has a one year low of $3.52 and a one year high of $8.84.

About Pitanium

Our Operating Subsidiary is a retailer in Hong Kong focusing on the sale of its proprietary brand products, namely PITANIUM and BIG PI online. It also generates revenue from the offline sale at six retail stores situated in Hong Kong's premier shopping destinations. This positioning not only enhances the brand's visibility but also aligns it with the discerning tastes of its target demographic.