Duke Robotics Corp’s Lock-Up Period Set To Expire Tomorrow (NASDAQ:DUKR)

Duke Robotics’ (NASDAQ:DUKR) lock-up period is set to end on Wednesday, November 11th. Duke Robotics had issued 1,125,000 shares in its public offering on May 15th. The total size of the offering was $9,225,000 based on an initial share price of $8.20. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Duke Robotics in a research report on Monday, September 14th. Maxim Group initiated coverage on shares of Duke Robotics in a research report on Tuesday, July 21st. They issued a “buy” rating and a $12.00 target price on the stock. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Duke Robotics currently has an average rating of “Hold” and an average target price of $12.00.

Duke Robotics Stock Performance

Shares of DUKR stock opened at $2.91 on Tuesday. The company has a quick ratio of 14.47, a current ratio of 14.47 and a debt-to-equity ratio of 0.05. The company has a 50 day simple moving average of $4.76. Duke Robotics has a fifty-two week low of $2.77 and a fifty-two week high of $14.20.

Duke Robotics (NASDAQ:DUKR) last announced its earnings results on Thursday, August 13th. The company reported ($0.26) earnings per share for the quarter. The company had revenue of $0.15 million for the quarter.

About Duke Robotics

Duke Robotics, Inc is a defense technology company focused on developing unmanned robotic systems for military and security applications. Its work has centered on remotely operated aerial platforms designed to support missions in environments that may be dangerous for personnel.

The company is best known for TIKAD, an unmanned aerial system intended to provide precision strike and other tactical capabilities. Duke Robotics has described its technology as serving defense, law enforcement and security organizations, although publicly available information about its commercial operations and customer base is limited.

Duke Robotics was associated with Israel-founded defense technology development and has operated in the United States.