NAMI (NASDAQ:NAMI) Stock Price Down 3.3% – Should You Sell?

NAMI Corp. (NASDAQ:NAMI)’s share price fell 3.3% during trading on Monday . The company traded as low as $0.5501 and last traded at $0.58. 5,500 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 19,885 shares. The stock had previously closed at $0.60.

NAMI Trading Down 3.3%

The stock has a 50-day moving average price of $0.70 and a 200-day moving average price of $0.86.

NAMI (NASDAQ:NAMI) last posted its quarterly earnings data on Tuesday, September 30th. The company reported ($0.18) earnings per share for the quarter. The firm had revenue of $14.55 million for the quarter.

NAMI announced that its board has authorized a share repurchase plan on Wednesday, October 22nd that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

NAMI Company Profile

Jinxin Technology Holding Co engages in the provision of digital content services. The company was founded in August 2015 and is headquartered in Shanghai, China.