Wetouch Technology Inc.’s Quiet Period To Expire on April 1st (NASDAQ:WETH)

Wetouch Technology’s (NASDAQ:WETH) quiet period will expire on Monday, April 1st. Wetouch Technology had issued 2,160,000 shares in its public offering on February 21st. The total size of the offering was $10,800,000 based on an initial share price of $5.00. During the company’s quiet period, insiders and any underwriters that worked on the IPO are restricted from issuing any research reports for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wetouch Technology Price Performance

Shares of Wetouch Technology stock opened at $2.25 on Friday. Wetouch Technology has a twelve month low of $1.62 and a twelve month high of $18.78. The company’s fifty day moving average is $4.79 and its 200 day moving average is $7.22.

About Wetouch Technology

Wetouch Technology Inc engages in the research, development, manufacture, sale, and servicing of medium to large sized projected capacitive touchscreens in the Peoples Republic of China, Taiwan, South Korea, Germany, and internationally. The company offers various touch panels, including glass-glass, which are primarily used in GPS/car entertainment panels in mid-size and luxury cars, industrial human-machine interface (HMI), financial and banking terminals, point of sale, and lottery machines; glass-film-film products that are used in GPS and entertainment panels, industrial HMI, financial and banking terminals, lottery, and gaming industry; plastic-glass, which are used in GPS/entertainment panels, motor vehicle GPS, smart home products, robots, and charging stations; and glass-films used in industrial HMI.