ELOG’s Lock-Up Period To End Tomorrow (NASDAQ:ELOG)

ELOG’s (NASDAQ:ELOG) lock-up period will expire on Tuesday, February 24th. ELOG had issued 1,600,000 shares in its IPO on August 28th. The total size of the offering was $6,400,000 based on an initial share price of $4.00. After the end of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings began coverage on ELOG in a research note on Wednesday, January 14th. They set a “sell (e-)” rating for the company. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

ELOG Trading Down 1.9%

Shares of ELOG opened at $1.05 on Monday. ELOG has a 12-month low of $0.85 and a 12-month high of $3.60.

ELOG (NASDAQ:ELOG) last issued its earnings results on Thursday, December 11th. The company reported $0.02 earnings per share for the quarter. The business had revenue of $13.60 million for the quarter.

ELOG Company Profile

Eastern International Ltd. is a provider of domestic and cross-border professional logistic services including project logistic and general logistic. Eastern International Ltd. is based in Hangzhou, China.