Empro Group Inc.’s (NASDAQ:EMPG) Lock-Up Period Will End on December 29th

Empro Group’s (NASDAQ:EMPG) lock-up period will end on Monday, December 29th. Empro Group had issued 1,375,000 shares in its IPO on July 2nd. The total size of the offering was $5,500,000 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 end of the lock-up period.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e)” rating on shares of Empro Group in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Empro Group currently has an average rating of “Sell”.

Empro Group Stock Down 2.3%

Empro Group stock opened at $17.36 on Monday. Empro Group has a fifty-two week low of $2.55 and a fifty-two week high of $18.14. The business’s fifty day moving average is $17.36.

Empro Group Company Profile

Under the leadership of our founder, Yeoh Chee Wei, our company has steadily and successfully transcended its humble origins in the beauty industry during an operating history that spans nearly two decades. Our business is operated through our wholly-owned Malaysian subsidiary, EMP Solution, which was formed and commenced operations in 2005. We have secured exclusive distributorships with original equipment manufacturers in Asia, which enable us to distribute and market our healthcare and beauty products throughout the ASEAN region and in Europe.