MaxsMaking Inc.’s Lock-Up Period Set To Expire on January 5th (NASDAQ:MAMK)

MaxsMaking’s (NASDAQ:MAMK) lock-up period will end on Monday, January 5th. MaxsMaking had issued 1,625,000 shares in its public offering on July 7th. The total size of the offering was $6,500,000 based on an initial share price of $4.00. After the expiration of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e-)” rating on shares of MaxsMaking in a research report on Friday, October 31st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

MaxsMaking Stock Performance

Shares of MAMK opened at $13.00 on Friday. The stock’s 50-day simple moving average is $11.35. MaxsMaking has a 1 year low of $1.87 and a 1 year high of $14.30.

MaxsMaking (NASDAQ:MAMK) last announced its earnings results on Saturday, November 1st. The company reported $0.01 earnings per share for the quarter. The business had revenue of $6.20 million for the quarter.

About MaxsMaking

MaxsMaking Inc is a manufacturer of customized consumer goods. It offers a wide range of customizable products such as backpacks, shopping bags, aprons and other promotional items. MaxsMaking Inc is based in SHANGHAI.