Singing Machine (NASDAQ:MICS) Stock Price Down 1.5% – Time to Sell?

Shares of The Singing Machine Company, Inc. (NASDAQ:MICS) traded down 1.5% on Monday . The stock traded as low as $2.63 and last traded at $2.65. 31,408 shares were traded during mid-day trading, a decline of 88% from the average session volume of 255,673 shares. The stock had previously closed at $2.69.

Singing Machine Stock Down 1.5%

The company has a 50 day moving average price of $2.31 and a two-hundred day moving average price of $1.20.

Singing Machine Company Profile

The Singing Machine Company, Inc, together with its subsidiaries, engages in the development, marketing, and sale of consumer karaoke audio equipment, accessories, and musical recordings in North America, Australia, the United Kingdom, Europe, and internationally. It offers karaoke products under the Singing Machine brand; licensed karaoke microphone products under the Carpool Karaoke brand; microphone and accessories, and portable Bluetooth microphones under the Party Machine brand; music entertainment singing machines for children under the brand Singing Machine Kids; and karaoke music subscription services for the iOS and Android platforms, as well as a web-based download store and integrated streaming services for hardware.