The stock of E-Home Household Service Holdings Limited (EJH) closed the regular trading session at $0.64, losing 13.34% from the previous day’s trading session. On the last check, the stock of EJH followed a bullish trend in the after-market and gained 7.47% to $0.69. During the regular trading session, the stock kept oscillating between $0.65 and $0.81. E-home declared about getting a notice from NASDAQ. The firm also declared the stock buyback project.
E-Home Household Service Holdings Ltd (EJH) is a CN-based organization working in the services industry. The services include housecleaning, caretaker, maternity lady, and faculty staffing administrations. Senior Care gives blood pressure checking, pulse investigation, day-to-day step count, location, and history administrations through the electronic watch. E-home has a market capitalization of $21.79 million and $33.58 million shares pending. The firm has its headquarter in Fuzhou, Fijian, China.
On 9 March 2022, EJH declared that they have got a notice from NASDAQ. The notice talks about the bid price. The company is not in concurrence with the bid price necessity by NASDAQ. Nasdaq Rule requires recorded stocks to keep a base bid cost of $1.00 per offer. In view of the end bid cost of the firm’s conventional stocks for the 30 successive workdays from January 19, 2022, to March 2, 2022, E-home no longer meets the base bid cost necessity. The firm has been given 180 schedule days, or until August 30, 2022, to recover consistency with the Nasdaq rule.
Moreover, on 4 March 2022, EJH also declared the stock buyback program. The firm during the preceding 9 months, buyback up to $8 million of its pending common stocks in the open market. The buyback program doesn’t commit the firm to make buybacks at a particular time. The stock repurchase will be subsidized by EJH’s current cash. The CEO of E-home, Xie Wenshen, commented that they accept the stock buyback program addresses their trust in the solid business execution. He further added that they accept that the buyback program is reliable with their objective of supporting investors’ certainty and expanding investor esteem.