FOFO’s (NASDAQ:FOFO) Lock-Up Period Set To Expire Tomorrow

FOFO’s (NASDAQ:FOFO) lock-up period is set to 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 FOFO’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings began coverage on shares of FOFO in a research report on Wednesday, January 14th. They set a “sell (e-)” rating for the company. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

FOFO Price Performance

NASDAQ FOFO opened at $4.17 on Tuesday. FOFO has a 12 month low of $2.86 and a 12 month high of $68.00.

FOFO Company Profile

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.