Concorde International Group Ltd.'s (NASDAQ:CIGL) Lock-Up Period To Expire on October 20th

Key Points

• The lock-up period for Concorde International Group Ltd. (NASDAQ:CIGL) will expire on October 20th, allowing insiders and major shareholders to sell their shares.
• Concorde International Group's recent offerings totaled $5,000,000 with a share price of $4.00 for 1,250,000 shares, and the stock is currently trading down 6.9% at $2.70.
• Weiss Ratings has reiterated a "sell (e-)" rating on the stock, indicating a generally negative outlook with an average recommendation of "Sell."

Concorde International Group's (NASDAQ:CIGL - Get Free Report) lock-up period will end on Monday, October 20th. Concorde International Group had issued 1,250,000 shares in its public offering on April 22nd. The total size of the offering was $5,000,000 based on an initial share price of $4.00. After the expiration of Concorde International Group's lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a "sell (e-)" rating on shares of Concorde International Group in a research report on Saturday, September 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of "Sell".

Concorde International Group Trading Down 6.9%

Shares of NASDAQ:CIGL opened at $2.70 on Monday. The business's fifty day simple moving average is $2.63. Concorde International Group has a 52 week low of $1.40 and a 52 week high of $31.06.

About Concorde International Group

Concorde International Group Limited is an integrated security services providers that combines physical manpower and innovative technology to deliver effective security solutions. In 2014, we were awarded “The Business Model Innovation Award” by the Singapore Manufacturing Federation. In 2015, we were awarded the “Best Innovative Use of Infocomm Technology Award” by the Singapore Infocomm Technology Federation (“SiTF”).

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