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

Grande Group’s (NASDAQ:GRAN) lock-up period is set to end on Monday, December 29th. Grande Group had issued 1,875,000 shares in its public offering on July 1st. The total size of the offering was $9,375,000 based on an initial share price of $5.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e-)” rating on shares of Grande Group in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Grande Group Stock Performance

GRAN stock opened at $3.84 on Wednesday. The company’s 50-day moving average is $2.79. Grande Group has a twelve month low of $1.81 and a twelve month high of $6.70.

Grande Group (NASDAQ:GRAN) last released 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 Investors Weigh In On Grande Group

A hedge fund recently bought a new stake in Grande Group stock. Citadel Advisors LLC acquired a new stake in Grande Group Limited (NASDAQ:GRAN) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,920 shares of the company’s stock, valued at approximately $33,000.

About Grande Group

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.