Reitar Logtech's (NASDAQ:RITR - Get Free Report) lock-up period will end on Wednesday, February 19th. Reitar Logtech had issued 2,125,000 shares in its IPO on August 23rd. The total size of the offering was $8,500,000 based on an initial share price of $4.00. After the expiration of the company's lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.
Reitar Logtech Stock Performance
Shares of RITR stock traded down $0.15 during trading on Friday, hitting $2.69. 25,924 shares of the stock traded hands, compared to its average volume of 187,168. The firm's fifty day moving average price is $3.69. Reitar Logtech has a 52-week low of $2.24 and a 52-week high of $8.75.
Institutional Trading of Reitar Logtech
An institutional investor recently bought a new position in Reitar Logtech stock. Ground Swell Capital LLC acquired a new position in shares of Reitar Logtech Holdings Ltd (NASDAQ:RITR - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 26,603 shares of the company's stock, valued at approximately $127,000.
Reitar Logtech Company Profile
(
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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.
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