NEW YORK, Dec. 03, 2020 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against ECMOHO Limited (NASDAQ: MOHO) on behalf of ECMOHO stockholders. Our investigation concerns whether ECMOHO has violated the federal securities laws and/or engaged in other unlawful business practices.
Click here to participate in the action.
On or around November 8, 2019, ECMOHO completed its initial public offering (“IPO”), issuing 4,375,000 American Depositary Shares (“ADSs”) priced at $10.00 per ADS. On November 30, 2020, post-market, ECMOHO reported its financial results for the third quarter of 2020. Among other results, ECMOHO reported GAAP EPS of -$0.03 on revenue of $71.45 million, representing a decline of approximately 4.6% compared to revenue for the same period in the prior year.
Since the IPO, ECMOHO’s ADSs have closed as low as $1.30 per ADS, representing a decline of 87% from the offering price.
If you purchased or otherwise acquired ECMOHO shares and suffered a loss, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker, Melissa Fortunato, or Marion Passmore by email at email@example.com, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.