Smart Logistics Global Limited’s (NASDAQ:SLGB) Lock-Up Period Set To Expire on April 13th

Smart Logistics Global’s (NASDAQ:SLGB) lock-up period will expire on Monday, April 13th. Smart Logistics Global had issued 1,000,000 shares in its initial public offering on October 15th. The total size of the offering was $5,000,000 based on an initial share price of $5.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

Analysts Set New Price Targets

Separately, Weiss Ratings assumed coverage on shares of Smart Logistics Global in a report on Friday, January 9th. They set a “sell (e-)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Smart Logistics Global Price Performance

Shares of SLGB opened at $0.70 on Monday. Smart Logistics Global has a fifty-two week low of $0.60 and a fifty-two week high of $6.08. The business has a 50 day simple moving average of $1.35.

Institutional Trading of Smart Logistics Global

An institutional investor recently bought a new position in Smart Logistics Global stock. Geode Capital Management LLC acquired a new stake in shares of Smart Logistics Global Limited (NASDAQ:SLGB) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 24,897 shares of the company’s stock, valued at approximately $31,000. Geode Capital Management LLC owned about 0.06% of Smart Logistics Global at the end of the most recent quarter.

Smart Logistics Global Company Profile

Smart Logistics Global Limited is a business-to-business contract logistics solution provider. Smart Logistics Global Limited is based in Hong Kong.