BUUU Group Limited’s Lock-Up Period Will Expire on February 10th (NASDAQ:BUUU)

BUUU Group’s (NASDAQ:BUUU) lock-up period will expire on Tuesday, February 10th. BUUU Group had issued 1,500,000 shares in its IPO on August 14th. The total size of the offering was $6,000,000 based on an initial share price of $4.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of BUUU Group in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, BUUU Group has an average rating of “Sell”.

BUUU Group Stock Down 22.1%

NASDAQ:BUUU opened at $8.95 on Tuesday. The stock has a 50-day simple moving average of $8.03. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.02. BUUU Group has a 1-year low of $3.67 and a 1-year high of $20.76.

BUUU Group Company Profile

Established in 2017, we have rapidly grown into a premier Meetings, Incentives, Conferences, and Exhibitions (“MICE”) solutions provider based in Hong Kong. Our comprehensive marketing service portfolio is designed to meet the diverse needs of our clients, spanning across two core areas: (i) event management and (ii) stage production. (a) Event management services In the realm of event management, our operating subsidiary, BU Creation, excels as creative planners and meticulous executors. We curate and manage a wide spectrum of events, including cultural, artistic, recreational, and corporate promotions.