Nano Magic (OTCMKTS:NMGX) Trading Down 7.5% – What’s Next?

Nano Magic Inc. (OTCMKTS:NMGX)’s share price fell 7.5% on Tuesday . The company traded as low as $0.51 and last traded at $0.51. 112 shares were traded during trading, a decline of 97% from the average session volume of 4,060 shares. The stock had previously closed at $0.55.

Nano Magic Stock Performance

The firm has a market cap of $7.11 million, a price-to-earnings ratio of -2.03 and a beta of 37.33. The firm’s 50 day moving average is $0.75 and its 200-day moving average is $0.83. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.11 and a current ratio of 0.54.

Nano Magic (OTCMKTS:NMGX) last announced its quarterly earnings results on Monday, August 19th. The company reported ($0.06) earnings per share for the quarter. The company had revenue of $0.62 million during the quarter. Nano Magic had a negative return on equity of 438.98% and a negative net margin of 121.38%.

Nano Magic Company Profile

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.