Micware Co., Ltd.’s Lock-Up Period Set To Expire on November 10th (NASDAQ:MWC)

Micware’s (NASDAQ:MWC) lock-up period is set to expire on Tuesday, November 10th. Micware had issued 2,850,000 shares in its initial public offering on May 14th. The total size of the offering was $22,800,000 based on an initial share price of $8.00. After the expiration of the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Micware from a “sell (e-)” rating to a “sell (e)” rating in a research report on Monday. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has an average rating of “Sell”.

Micware Price Performance

NASDAQ MWC opened at $1.46 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.66 and a quick ratio of 1.65. The business’s 50 day simple moving average is $1.60. Micware has a 52-week low of $0.78 and a 52-week high of $13.95.

About Micware

Micware Co Ltd. is a provider of software development services and an IT solution mainly focused on the automotive and mobility sectors. The Company is primarily engaged in the development and sale of IVI systems covering multimedia, navigation, human machine interface, telematics, and driver assistance, as well as navigation software and location information-based smartphone applications. Micware Co Ltd. is based in KOBE, Japan.