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

Premium Catering’s (NASDAQ:PC) lock-up period will end 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 major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

Premium Catering Stock Performance

Premium Catering stock opened at $0.92 on Friday. Premium Catering has a twelve month low of $0.60 and a twelve month high of $5.73. The stock’s fifty day moving average is $0.81.

Institutional Investors Weigh In On Premium Catering

Several hedge funds have recently made changes to their positions in PC. Virtu Financial LLC purchased a new position in Premium Catering in the third quarter valued at about $103,000. Citadel Advisors LLC acquired a new position in shares of Premium Catering in the 4th quarter valued at $61,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Premium Catering in the 4th quarter valued at $29,000.

About Premium Catering

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.