Erayak Power Solution Group’s (NASDAQ:RAYA – Get Rating) lock-up period is set to end on Monday, June 12th. Erayak Power Solution Group had issued 3,000,000 shares in its public offering on December 14th. The total size of the offering was $12,000,000 based on an initial share price of $4.00. After the expiration of the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.
Erayak Power Solution Group Price Performance
RAYA stock opened at $1.85 on Monday. The company’s fifty day simple moving average is $1.91. Erayak Power Solution Group has a 52 week low of $1.51 and a 52 week high of $3.89.
Institutional Trading of Erayak Power Solution Group
A hedge fund recently bought a new stake in Erayak Power Solution Group stock. Jane Street Group LLC bought a new position in shares of Erayak Power Solution Group Inc. (NASDAQ:RAYA – Get Rating) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 13,030 shares of the company’s stock, valued at approximately $26,000. Jane Street Group LLC owned 0.11% of Erayak Power Solution Group at the end of the most recent reporting period.
About Erayak Power Solution Group
Erayak Power Solution Group Inc, through its subsidiaries, engages in the research and development, manufacture, and wholesale and retail of power solution products. Its product portfolio includes sine wave and off-grid inverters, inverter and gasoline generators, battery and smart chargers, and custom-designed products.
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