FOFO’s (NASDAQ:FOFO – Get Free Report) lock-up period will end on Wednesday, March 11th. FOFO had issued 1,375,000 shares in its public offering on September 12th. The total size of the offering was $5,500,000 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.
Analyst Ratings Changes
Separately, Weiss Ratings began coverage on FOFO in a report on Wednesday, January 14th. They issued a “sell (e-)” rating for the company. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.
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FOFO Trading Up 3.4%
About FOFO
Hang Feng Technology Innovation Co, Ltd. is a company providing comprehensive corporate management consulting and asset management services. Hang Feng Technology Innovation Co, Ltd. is based in Hong Kong.
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