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

Luda Technology Group’s (NYSE:LUD) lock-up period will 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. After the end of the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Luda Technology Group Stock Performance

Shares of LUD stock opened at $5.91 on Friday. Luda Technology Group has a 12-month low of $3.40 and a 12-month high of $9.52. The stock has a 50 day moving average of $5.22.

About Luda Technology Group

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.