Eshallgo Inc.'s Lock-Up Period To Expire on December 30th (NASDAQ:EHGO)

Eshallgo's (NASDAQ:EHGO - Get Free Report) lock-up period will expire on Monday, December 30th. Eshallgo had issued 1,250,000 shares in its public offering on July 2nd. The total size of the offering was $5,000,000 based on an initial share price of $4.00. After the expiration of the company's lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Eshallgo Stock Down 5.7 %

NASDAQ:EHGO traded down $0.19 during mid-day trading on Monday, hitting $3.14. The stock had a trading volume of 71,856 shares, compared to its average volume of 123,688. Eshallgo has a twelve month low of $1.45 and a twelve month high of $5.50. The firm's 50-day simple moving average is $3.54.

Eshallgo Company Profile

Eshallgo Inc, through its subsidiaries, engages in the sale and leasing of office equipment and after-sale maintenance and repair services in the People's Republic of China. The company also sells office furniture, IT products, water dispensers, printing papers, and other products, as well as provides maintenance services with enterprise resource planning systems.