PMI’s (NYSEAMERICAN:PMI) Lock-Up Period To End Tomorrow

PMI’s (NYSEAMERICAN:PMI) lock-up period is set to expire on Wednesday, February 25th. PMI had issued 4,250,000 shares in its initial public offering on August 29th. The total size of the offering was $17,000,000 based on an initial share price of $4.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the expiration of the lock-up period.

PMI Trading Down 7.1%

PMI opened at $1.17 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.16 and a quick ratio of 0.94. PMI has a one year low of $1.13 and a one year high of $13.68.

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.