Pinnacle Food Group Limited’s (NASDAQ:PFAI) Lock-Up Period To Expire Tomorrow

Pinnacle Food Group’s (NASDAQ:PFAI) lock-up period is set to expire on Monday, October 20th. Pinnacle Food Group had issued 1,800,000 shares in its IPO on April 22nd. The total size of the offering was $7,200,000 based on an initial share price of $4.00. After the end of Pinnacle Food Group’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of Pinnacle Food Group in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Pinnacle Food Group Trading Up 2.0%

Shares of Pinnacle Food Group stock opened at $3.62 on Friday. The firm has a 50-day moving average of $1.96. Pinnacle Food Group has a 1 year low of $1.30 and a 1 year high of $4.93.

Institutional Trading of Pinnacle Food Group

A hedge fund recently bought a new stake in Pinnacle Food Group stock. Marex Group plc bought a new stake in shares of Pinnacle Food Group Limited (NASDAQ:PFAI) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 37,733 shares of the company’s stock, valued at approximately $89,000. Marex Group plc owned about 0.32% of Pinnacle Food Group at the end of the most recent reporting period.

About Pinnacle Food Group

Our Mission We are committed to becoming a leader in the field of smart farming solution services, focusing on vertical and hydroponic farming. Our goal is to promote sustainable food security by developing and building customized smart farming systems based on the systematic integration of technology, hardware and software, coupled with a full range of integrated technical and supply services (Farming as a Service, or FaaS).