Raytech’s (NASDAQ:RAY – Get Free Report) lock-up period will expire on Monday, November 11th. Raytech had issued 1,500,000 shares in its initial public offering on May 15th. The total size of the offering was $6,000,000 based on an initial share price of $4.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.
Raytech Stock Down 5.3 %
Raytech stock opened at $1.62 on Friday. The stock has a fifty day simple moving average of $1.70. Raytech has a 52-week low of $1.11 and a 52-week high of $6.04.
About Raytech
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