Republic Power Group Limited Class A Ordinary Shares’ Lock-Up Period To Expire on April 13th (NASDAQ:RPGL)

Republic Power Group Limited Class A Ordinary Shares’ (NASDAQ:RPGL) lock-up period is set to expire on Monday, April 13th. Republic Power Group Limited Class A Ordinary Shares had issued 2,120,000 shares in its initial public offering on October 14th. The total size of the offering was $8,480,000 based on an initial share price of $4.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

Wall Street Analyst Weigh In

Separately, Weiss Ratings initiated coverage on Republic Power Group Limited Class A Ordinary Shares in a report on Friday, January 30th. They set a “sell (e-)” rating on the stock. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Republic Power Group Limited Class A Ordinary Shares Price Performance

NASDAQ RPGL opened at $0.51 on Monday. The business’s 50 day simple moving average is $4.05. Republic Power Group Limited Class A Ordinary Shares has a one year low of $0.40 and a one year high of $103.80.

Insider Activity

In other news, major shareholder Cetera Wealth Services, Llc sold 648,767 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $0.55, for a total transaction of $356,821.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders sold 1,273,752 shares of company stock worth $1,347,294.

Republic Power Group Limited Class A Ordinary Shares Company Profile

Republic Power Group Limited is a provider of customized enterprise resource planning software solutions, consulting and technical support services and peripheral hardware. Republic Power Group Limited is based in Singapore.