OFA Group’s Lock-Up Period Set To End Tomorrow (NASDAQ:OFAL)

OFA Group’s (NASDAQ:OFAL) lock-up period will end on Monday, November 17th. OFA Group had issued 3,750,000 shares in its public offering on May 21st. The total size of the offering was $15,000,000 based on an initial share price of $4.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of OFA Group in a research report on Thursday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

OFA Group Trading Down 3.0%

Shares of OFAL stock opened at $0.67 on Friday. The business has a 50 day moving average of $1.13. OFA Group has a one year low of $0.62 and a one year high of $9.79.

Institutional Trading of OFA Group

A hedge fund recently bought a new stake in OFA Group stock. Virtu Financial LLC purchased a new position in shares of OFA Group (NASDAQ:OFAL) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 37,733 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned 0.27% of OFA Group at the end of the most recent reporting period.

OFA Group Company Profile

Through our wholly owned operating subsidiary, Office for Fine Architecture Limited, we provide comprehensive architectural services, including design and fit out services for commercial and residential buildings. The design service includes both the consultation with our staff and the actual design work and the Company provides a specific conceptualized design with layout plans, detailed design drawings, advice relating to, among other things, budgetary consideration, optimal use of space, the materials, fittings, furniture, appliances and other items to be used with an aim to produce a preliminary design plan and quotation for clients’ considerations.