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

Premium Catering’s (NASDAQ:PC) lock-up period will expire on Monday, March 24th. Premium Catering had issued 2,000,000 shares in its initial 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 Stock Up 5.7 %

Shares of PC stock opened at $0.88 on Wednesday. Premium Catering has a 12-month low of $0.60 and a 12-month high of $5.73. The company’s 50-day moving average price is $0.80.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Virtu Financial LLC bought a new stake in Premium Catering during the 3rd quarter worth about $103,000. Renaissance Technologies LLC acquired a new stake in Premium Catering during the 4th quarter worth $29,000. Finally, Citadel Advisors LLC bought a new stake in shares of Premium Catering during the 4th quarter valued at $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.