Empro Group Inc.’s Lock-Up Period Set To Expire on December 29th (NASDAQ:EMPG)

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

Wall Street Analysts Forecast Growth

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

Empro Group Stock Down 2.3%

EMPG opened at $17.36 on Friday. The business’s 50-day moving average is $17.36. Empro Group has a 52-week low of $2.55 and a 52-week high of $18.14.

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.