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

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. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

Wall Street Analyst Weigh In

Separately, Weiss Ratings started coverage on shares of ELOG in a research note on Wednesday, January 14th. They issued a “sell (e-)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, ELOG currently has a consensus rating of “Sell”.

ELOG Stock Up 11.0%

ELOG stock opened at $1.11 on Tuesday. ELOG has a twelve month low of $0.85 and a twelve month high of $3.60.

ELOG (NASDAQ:ELOG) last announced 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.

About ELOG

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.