An investigation for investors in ECMOHO Limited (NASDAQ:MOHO) shares over potential securities laws violations by ECMOHO Limited was announced.
San Diego, CA -- (SBWIRE) -- 08/12/2020 -- An investigation was announced over potential securities laws violations by ECMOHO Limited.
Investors who purchased shares of ECMOHO Limited (NASDAQ: MOHO), have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by ECMOHO Limited (NASDAQ: MOHO regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
China based ECMOHO Limited, an investment holding company, operates as an integrated solution provider in the non-medical health and wellness market.
On March 30, 2020, ECMOHO Limited announced its preliminary financial results for fiscal year 2019, reporting revenue between $329 million and $330 million and net income between $3.1 million and $3.7 million.
Shares of ECMOHO Limited (NASDAQ: MOHO) declined from $9.50 per share on March 20, 2020 to as low as $1.98 per share in late July 2020.
Those who purchased shares of ECMOHO Limited (NASDAQ: MOHO) have certain options and should contact the Shareholders Foundation.
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