Pitanium Limited’s (NASDAQ:PTNM) Lock-Up Period To End Tomorrow

Pitanium’s (NASDAQ:PTNM) lock-up period is set to expire on Wednesday, November 26th. Pitanium had issued 1,750,000 shares in its initial public offering on May 30th. The total size of the offering was $7,000,000 based on an initial share price of $4.00. After the end of Pitanium’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e)” rating on shares of Pitanium in a research note on Wednesday, November 19th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Pitanium currently has a consensus rating of “Sell”.

Pitanium Price Performance

Shares of PTNM stock opened at $10.39 on Tuesday. The business has a 50 day moving average of $10.17. Pitanium has a 52 week low of $0.98 and a 52 week high of $14.79.

Hedge Funds Weigh In On Pitanium

An institutional investor recently bought a new position in Pitanium stock. BNP Paribas Financial Markets acquired a new position in Pitanium Limited (NASDAQ:PTNM) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 12,000 shares of the company’s stock, valued at approximately $147,000. BNP Paribas Financial Markets owned about 0.05% of Pitanium at the end of the most recent quarter.

Pitanium Company Profile

Our Operating Subsidiary is a retailer in Hong Kong focusing on the sale of its proprietary brand products, namely PITANIUM and BIG PI online. It also generates revenue from the offline sale at six retail stores situated in Hong Kong’s premier shopping destinations. This positioning not only enhances the brand’s visibility but also aligns it with the discerning tastes of its target demographic.