Micware Co., Ltd.’s (NASDAQ:MWC) Lock-Up Period Will End Tomorrow

Micware’s (NASDAQ:MWC) lock-up period will 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 Micware’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Micware from a “sell (e-)” rating to a “sell (e)” rating in a research note on Monday, November 2nd. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company has a consensus rating of “Sell”.

Micware Price Performance

NASDAQ:MWC opened at $1.12 on Monday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.65 and a current ratio of 1.66. Micware has a 1 year low of $0.78 and a 1 year high of $13.95. The business has a 50 day moving average price of $1.58.

Micware Company Profile

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.