Nano Magic (OTCMKTS:NMGX) Stock Price Down 5.3%

Shares of Nano Magic Inc. (OTCMKTS:NMGXGet Free Report) were down 5.3% on Wednesday . The stock traded as low as $0.90 and last traded at $0.90. Approximately 197 shares changed hands during trading, a decline of 97% from the average daily volume of 5,667 shares. The stock had previously closed at $0.95.

Nano Magic Price Performance

The company has a market capitalization of $12.15 million, a PE ratio of -3.60 and a beta of 36.49. The company has a current ratio of 0.76, a quick ratio of 0.27 and a debt-to-equity ratio of 0.24. The company’s 50 day moving average price is $0.72 and its 200-day moving average price is $0.64.

Nano Magic (OTCMKTS:NMGXGet Free Report) last posted its earnings results on Tuesday, May 21st. The company reported ($0.06) earnings per share (EPS) for the quarter. Nano Magic had a negative return on equity of 295.05% and a negative net margin of 110.66%. The business had revenue of $0.58 million for the quarter.

Nano Magic Company Profile

(Get Free Report)

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 sporting product applications and goggles.

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