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

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

Reitar Logtech Stock Down 5.3 %

RITR opened at $2.69 on Friday. Reitar Logtech has a 52-week low of $2.24 and a 52-week high of $8.75. The stock’s 50 day simple moving average is $3.69.

Institutional Investors Weigh In On Reitar Logtech

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

About Reitar Logtech

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.