Luda Technology Group’s (NYSE:LUD) Lock-Up Period Set To Expire on August 26th

Luda Technology Group’s (NYSE:LUD) lock-up period is set to expire on Tuesday, August 26th. Luda Technology Group had issued 2,500,000 shares in its IPO on February 27th. The total size of the offering was $10,000,000 based on an initial share price of $4.00. After the end of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Luda Technology Group Stock Performance

LUD opened at $4.35 on Thursday. Luda Technology Group has a fifty-two week low of $3.40 and a fifty-two week high of $9.52. The business’s fifty day simple moving average is $5.15.

Luda Technology Group Company Profile

We are a manufacturer and trader of stainless steel and carbon steel flanges and fittings products. Our history began with Luda HK which was incorporated in Hong Kong in 2004 and is principally engaged in the trading of steel flanges and fittings. In 2005, the Company’s business expanded further upstream when Luda PRC was set up to commence the manufacturing of flanges and fittings with self-owned factory in China.