Galaxy Payroll Group Limited’s (NASDAQ:GLXG) Lock-Up Period Set To Expire on March 11th

Galaxy Payroll Group’s (NASDAQ:GLXG) lock-up period is set to end on Tuesday, March 11th. Galaxy Payroll Group had issued 1,750,000 shares in its IPO on September 12th. The total size of the offering was $7,000,000 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 expiration of the lock-up period.

Galaxy Payroll Group Stock Down 0.0 %

NASDAQ GLXG opened at $0.83 on Friday. The company has a 50 day simple moving average of $0.96. Galaxy Payroll Group has a one year low of $0.70 and a one year high of $16.93.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Galaxy Payroll Group stock. Two Sigma Investments LP purchased a new position in Galaxy Payroll Group Limited (NASDAQ:GLXG) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 44,613 shares of the company’s stock, valued at approximately $44,000. Two Sigma Investments LP owned about 0.25% of Galaxy Payroll Group as of its most recent SEC filing.

Galaxy Payroll Group Company Profile

Galaxy Payroll Group Limited, through its subsidiaries, provides payroll outsourcing, employment, and consultancy and market research services. It has operations in Hong Kong, Macau, the People’s Republic of China, Taiwan, Japan, Australia, Thailand, Malaysia, Vietnam, India, Indonesia, and the Philippines.