CTRL GROUP Ltd’s (NASDAQ:MCTR) Quiet Period Will End on March 3rd

CTRL GROUP’s (NASDAQ:MCTR) quiet period will end on Monday, March 3rd. CTRL GROUP had issued 2,000,000 shares in its public offering on January 22nd. The total size of the offering was $8,000,000 based on an initial share price of $4.00. During the company’s quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

CTRL GROUP Price Performance

Shares of CTRL GROUP stock traded down $0.07 on Friday, hitting $4.83. The stock had a trading volume of 18,559 shares, compared to its average volume of 433,745. CTRL GROUP has a 52-week low of $3.76 and a 52-week high of $12.00.

About CTRL GROUP

We are an integrated marketing and advertising services provider in Hong Kong specializing in mobile games promotion for the local market. We provide services to mobile game developers, principally developers of mobile gaming applications or “apps” that the gamers download from developer’s websites and applicable mobile operation systems, such as Apple Store or Android Google Play Store.