Grande Group Limited’s (NASDAQ:GRAN) Lock-Up Period Will End on December 29th

Grande Group’s (NASDAQ:GRAN) lock-up period is set to expire on Monday, December 29th. Grande Group had issued 1,875,000 shares in its IPO on July 1st. The total size of the offering was $9,375,000 based on an initial share price of $5.00. After the end of Grande Group’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e-)” rating on shares of Grande Group in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Grande Group has an average rating of “Sell”.

Grande Group Price Performance

Shares of NASDAQ GRAN opened at $4.24 on Friday. Grande Group has a 52-week low of $1.81 and a 52-week high of $6.70. The firm’s fifty day moving average is $2.83.

Grande Group (NASDAQ:GRAN) last announced its earnings results on Friday, December 12th. The company reported ($0.03) earnings per share (EPS) for the quarter. The company had revenue of $0.15 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Grande Group stock. Citadel Advisors LLC purchased a new position in shares of Grande Group Limited (NASDAQ:GRAN) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 10,920 shares of the company’s stock, valued at approximately $33,000.

Grande Group Company Profile

Headquartered in Hong Kong, we are a holding company incorporated in the British Virgin Islands, and all of our business is carried out by our wholly-owned Operating Subsidiary in Hong Kong, Grande Capital. Grande Capital is a boutique financial firm that focuses on providing quality corporate finance advisory services to clients in Asia. Grande Capital is a licensed corporation under the SFO to engage in Type 1 (dealing in securities) and Type 6 (advising on corporate finance) regulated activities in Hong Kong.