Charming Medical Ltd’s Lock-Up Period Will Expire on April 20th (NASDAQ:MCTA)

Charming Medical’s (NASDAQ:MCTA) lock-up period will expire on Monday, April 20th. Charming Medical had issued 1,600,000 shares in its IPO on October 21st. The total size of the offering was $6,400,000 based on an initial share price of $4.00. After the end of Charming Medical’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 initiated coverage on Charming Medical in a research note on Monday, January 26th. They issued a “sell (e)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Charming Medical Stock Up 6.8%

Shares of Charming Medical stock opened at $29.36 on Monday. The firm’s 50 day moving average price is $29.36. Charming Medical has a 12 month low of $4.30 and a 12 month high of $31.70.

Hedge Funds Weigh In On Charming Medical

A hedge fund recently bought a new stake in Charming Medical stock. Geode Capital Management LLC acquired a new stake in Charming Medical Ltd (NASDAQ:MCTA) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,752 shares of the company’s stock, valued at approximately $316,000. Geode Capital Management LLC owned approximately 0.06% of Charming Medical at the end of the most recent reporting period.

About Charming Medical

We are a Hong Kong-based provider of Traditional Chinese Medicine (TCM)-inspired therapies and products. We offer a wide range of beauty, wellness, and postpartum services and products rooted and influenced by the principles and practices of TCM, such as the use of herbal ingredients, acupuncture techniques, Tuina massage, and dietary guidance. Operating under the Beauty Lab Group (“Beauty Lab”) brand, our Operating Subsidiaries in Hong Kong offer a wide range of TCM-inspired beauty, wellness, and postpartum therapies and products through our four wellness centers in Hong Kong.