NEW YORK, NY / ACCESSWIRE / December 1, 2020 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of ECMOHO Limited ("ECMOHO" or "the Company") (NASDAQ:MOHO). Investors who purchased ECMOHO securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/moho.
The investigation concerns whether ECMOHO and certain of its officers and/or directors have violated federal securities laws.
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 are aware of any facts relating to this investigation or purchased ECMOHO shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/moho. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com
SOURCE: Bronstein, Gewirtz & Grossman, LLC
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