Nano Magic (OTCMKTS:NMGX) Trading Down 1% – Here’s Why

Shares of Nano Magic, Inc. (OTCMKTS:NMGXGet Free Report) fell 1% during mid-day trading on Friday . The company traded as low as $0.2624 and last traded at $0.2762. 4,595 shares traded hands during trading, an increase of 383% from the average session volume of 952 shares. The stock had previously closed at $0.2790.

Nano Magic Price Performance

The company has a market capitalization of $3.98 million, a P/E ratio of -0.92 and a beta of 55.75. The stock’s fifty day simple moving average is $0.45 and its 200-day simple moving average is $0.53.

Nano Magic (OTCMKTS:NMGXGet Free Report) last posted its quarterly earnings data on Friday, November 21st. The company reported ($0.06) earnings per share for the quarter. The company had revenue of $0.53 million during the quarter.

Nano Magic Company Profile

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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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