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

Premium Catering’s (NASDAQ:PC) lock-up period will end 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 the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Premium Catering Price Performance

PC stock opened at $0.88 on Monday. The stock has a fifty day moving average price of $0.80. Premium Catering has a one year low of $0.60 and a one year high of $5.73.

Hedge Funds Weigh In On Premium Catering

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC purchased a new stake in shares of Premium Catering in the fourth quarter valued at approximately $29,000. Citadel Advisors LLC purchased a new stake in shares of Premium Catering during the 4th quarter worth $61,000. Finally, Virtu Financial LLC acquired a new position in shares of Premium Catering during the 3rd quarter worth $103,000.

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.