FOFO’s (NASDAQ:FOFO – Get Free Report) lock-up period is set to end on Wednesday, March 11th. FOFO had issued 1,375,000 shares in its IPO on September 12th. 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 major shareholders and company insiders will be eligible for trade following the end of the lock-up period.
Wall Street Analyst Weigh In
Separately, Weiss Ratings initiated coverage on shares of FOFO in a research report on Wednesday, January 14th. They set a “sell (e-)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.
Read Our Latest Report on FOFO
FOFO Stock Performance
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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