Premium Catering (Holdings) Limited’s Lock-Up Period Will Expire on March 24th (NASDAQ:PC)

Premium Catering’s (NASDAQ:PC) lock-up period will expire on Monday, March 24th. Premium Catering had issued 2,000,000 shares in its IPO on September 25th. The total size of the offering was $9,500,000 based on an initial share price of $4.75. After the expiration of Premium Catering’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Premium Catering Price Performance

Premium Catering stock opened at $0.88 on Monday. Premium Catering has a fifty-two week low of $0.60 and a fifty-two week high of $5.73. The business’s fifty day moving average is $0.80.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new position in shares of Premium Catering in the third quarter valued at approximately $103,000. Renaissance Technologies LLC acquired a new stake in shares of Premium Catering during the fourth quarter worth $29,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Premium Catering during the fourth quarter worth $61,000.

Premium Catering Company Profile

Premium Catering (Holdings) Limited, through its subsidiary, engages in the business of food catering for function, events, and workers in Singapore. The company provides Halal food in Indian, Bangladesh, and Chinese cuisine to foreign workers, students, and other individuals residing in dormitories, as well foreign workers in the marine, logistics, and poultry industries.