MGN’s (NASDAQ:MGN) Lock-Up Period Will End on March 25th

MGN’s (NASDAQ:MGN) lock-up period is set to expire on Wednesday, March 25th. MGN had issued 1,250,000 shares in its initial public offering on September 26th. The total size of the offering was $5,000,000 based on an initial share price of $4.00. After the end of MGN’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings began coverage on shares of MGN in a report on Tuesday. They issued a “sell (e+)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, MGN presently has a consensus rating of “Sell”.

MGN Stock Performance

MGN stock opened at $4.23 on Friday. MGN has a fifty-two week low of $1.00 and a fifty-two week high of $8.63.

MGN Company Profile

Megan Holdings is a company principally engaged in the development, construction and maintenance of aquaculture farms and related works. Megan Holdings is based in Malaysia.