Concorde International Group Ltd.’s Lock-Up Period To Expire Tomorrow (NASDAQ:CIGL)

Concorde International Group’s (NASDAQ:CIGL) lock-up period is set to end on Monday, October 20th. Concorde International Group had issued 1,250,000 shares in its initial public offering on April 22nd. The total size of the offering was $5,000,000 based on an initial share price of $4.00. After the end of Concorde International Group’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e)” rating on shares of Concorde International Group in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Concorde International Group Stock Performance

NASDAQ CIGL opened at $2.55 on Friday. The business’s 50-day moving average is $2.67. Concorde International Group has a 52-week low of $1.40 and a 52-week high of $31.06.

Concorde International Group Company Profile

Concorde International Group Limited is an integrated security services providers that combines physical manpower and innovative technology to deliver effective security solutions. In 2014, we were awarded “The Business Model Innovation Award” by the Singapore Manufacturing Federation. In 2015, we were awarded the “Best Innovative Use of Infocomm Technology Award” by the Singapore Infocomm Technology Federation (“SiTF”).