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 initial public offering 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.

Analysts Set New Price Targets

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

BUUU Group Stock Performance

Shares of BUUU Group stock opened at $8.95 on Tuesday. The company’s 50 day simple moving average is $8.03. BUUU Group has a 52 week low of $3.67 and a 52 week high of $20.76. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.02.

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.