Premium Catering (Holdings) Limited’s Lock-Up Period Will End Tomorrow (NASDAQ:PC)

Premium Catering’s (NASDAQ:PC) lock-up period is set to expire on Monday, March 24th. Premium Catering had issued 2,000,000 shares in its public offering on September 25th. The total size of the offering was $9,500,000 based on an initial share price of $4.75. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Premium Catering Trading Up 1.1 %

Shares of PC opened at $0.93 on Friday. The firm has a 50 day simple moving average of $0.81. Premium Catering has a 12 month low of $0.60 and a 12 month high of $5.73.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC purchased a new position in Premium Catering in the 4th quarter valued at approximately $29,000. Citadel Advisors LLC acquired a new stake in shares of Premium Catering in the fourth quarter valued at $61,000. Finally, Virtu Financial LLC purchased a new position in Premium Catering in the third quarter valued at $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.