Reitar Logtech Holdings Ltd’s (NASDAQ:RITR) Lock-Up Period Will Expire on February 19th

Reitar Logtech’s (NASDAQ:RITR) lock-up period is set to end on Wednesday, February 19th. Reitar Logtech had issued 2,125,000 shares in its public offering on August 23rd. The total size of the offering was $8,500,000 based on an initial share price of $4.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

Reitar Logtech Price Performance

RITR stock opened at $2.99 on Wednesday. The firm has a fifty day simple moving average of $3.75. Reitar Logtech has a 1 year low of $2.24 and a 1 year high of $8.75.

Hedge Funds Weigh In On Reitar Logtech

An institutional investor recently bought a new position in Reitar Logtech stock. Ground Swell Capital LLC bought a new stake in shares of Reitar Logtech Holdings Ltd (NASDAQ:RITR) during the 3rd quarter, according to its most recent filing with the SEC. The fund bought 26,603 shares of the company’s stock, valued at approximately $127,000.

Reitar Logtech Company Profile

Reitar Logtech Holdings Limited, through its subsidiaries, provides construction management and engineering design services. It operates in two segments, Asset Management and Professional Consultancy Services; and Construction Management and Engineering Design Services. The company provides construction management and engineering design services for cold storage facilities, automated warehouses, renovated offices, and tailor-made electrical systems.