PMI’s Lock-Up Period Will Expire on February 25th (NYSEAMERICAN:PMI)

PMI’s (NYSEAMERICAN:PMI) lock-up period will expire on Wednesday, February 25th. PMI had issued 4,250,000 shares in its IPO on August 29th. The total size of the offering was $17,000,000 based on an initial share price of $4.00. After the end of PMI’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

PMI Stock Performance

NYSEAMERICAN:PMI opened at $1.45 on Wednesday. PMI has a fifty-two week low of $1.30 and a fifty-two week high of $13.68. The company has a current ratio of 2.16, a quick ratio of 0.94 and a debt-to-equity ratio of 0.01.

PMI Company Profile

Picard Medical Inc is a medical technology company which manufactures and sells the only total artificial heart. Picard Medical Inc is based in TUCSON, Ariz.