Luda Technology Group's (NYSE:LUD) Lock-Up Period To End on August 26th

Key Points

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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 initial public offering on February 27th. The total size of the offering was $10,000,000 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 expiration of the lock-up period.

Luda Technology Group Price Performance

Shares of NYSE:LUD opened at $4.21 on Tuesday. The company's fifty day moving average is $5.15. Luda Technology Group has a 12-month low of $3.40 and a 12-month high of $9.52.

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.

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