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

Micware’s (NASDAQ:MWC) lock-up period will end on Tuesday, November 10th. Micware had issued 2,850,000 shares in its 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, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Analysts Set New Price Targets

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

Micware Stock Up 6.7%

Shares of MWC opened at $1.12 on Friday. The company’s 50 day simple moving average is $1.58. Micware has a twelve month low of $0.78 and a twelve month high of $13.95. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.65 and a current ratio of 1.66.

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.