ELOG’s (NASDAQ:ELOG) Lock-Up Period Will Expire on February 24th

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

Analysts Set New Price Targets

Separately, Weiss Ratings started coverage on ELOG in a report 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 data from MarketBeat.com, the stock presently has an average rating of “Sell”.

ELOG Stock Performance

ELOG stock opened at $1.09 on Thursday. ELOG has a 12 month low of $0.85 and a 12 month high of $3.60.

ELOG (NASDAQ:ELOG) last issued its quarterly earnings data on Thursday, December 11th. The company reported $0.02 earnings per share (EPS) for the quarter. The company 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.