Nano Magic (OTCMKTS:NMGX) Shares Up 15%

Nano Magic Inc. (OTCMKTS:NMGX)’s share price traded up 15% during mid-day trading on Thursday . The stock traded as high as $2.00 and last traded at $1.15. 165,681 shares changed hands during trading, an increase of 2,433% from the average session volume of 6,540 shares. The stock had previously closed at $1.00.

Nano Magic Trading Up 15.0 %

The stock has a market capitalization of $14.20 million, a PE ratio of -4.60 and a beta of 36.47. The company has a current ratio of 1.37, a quick ratio of 0.68 and a debt-to-equity ratio of 0.31. The firm has a 50-day moving average price of $0.47 and a 200-day moving average price of $0.60.

Nano Magic (OTCMKTS:NMGX) last posted its quarterly earnings data on Wednesday, April 3rd. The company reported ($0.07) earnings per share (EPS) for the quarter. The company had revenue of $0.72 million for the quarter. Nano Magic had a negative return on equity of 252.35% and a negative net margin of 102.66%.

About Nano Magic

Nano Magic Inc develops, commercializes, and markets consumer and industrial products using nanotechnology in the United States and Canada. The company offers liquid and towelette formulations for cleaning and protecting clear surfaces, such as electronic touchscreens, windshields, windows, mirrors, shower doors, eyeglasses, and sunglass lenses; liquid formulation packaged for retail and industrial sale for cleaning surfaces; and anti-fogging liquid and towelette formulations for safety glasses and sporting googles, as well as protective eye wear, including face shields.