Nano Magic (OTCMKTS:NMGX) Shares Down 2.2% – Time to Sell?

Nano Magic, Inc. (OTCMKTS:NMGXGet Free Report)’s stock price traded down 2.2% during trading on Thursday . The company traded as low as $0.49 and last traded at $0.49. 100 shares were traded during trading, a decline of 44% from the average session volume of 178 shares. The stock had previously closed at $0.50.

Nano Magic Trading Down 2.2%

The firm’s 50 day simple moving average is $0.59 and its two-hundred day simple moving average is $0.61. The firm has a market cap of $7.05 million, a price-to-earnings ratio of -1.69 and a beta of 49.82.

Nano Magic (OTCMKTS:NMGXGet Free Report) last announced its earnings results on Wednesday, August 13th. The company reported ($0.07) earnings per share (EPS) for the quarter. The business had revenue of $0.57 million for the quarter.

About Nano Magic

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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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