Nano Magic (OTCMKTS:NMGX) Shares Down 4.2% – Here’s What Happened

Nano Magic, Inc. (OTCMKTS:NMGX) fell 4.2% during trading on Monday . The company traded as low as $0.2260 and last traded at $0.2260. 112 shares were traded during trading, a decline of 86% from the average session volume of 827 shares. The stock had previously closed at $0.2359.

Nano Magic Stock Performance

The firm’s fifty day moving average price is $0.34 and its 200 day moving average price is $0.49. The firm has a market cap of $3.26 million, a P/E ratio of -0.75 and a beta of 56.15.

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

About Nano Magic

Nano Magic Ltd, trading on OTCMKTS under the symbol NMGX, is a nanotechnology company focused on the development and commercialization of self-healing protective coatings. The company’s core offering is a proprietary polymer-based nano-coating designed to repair and conceal light scratches, scuffs and minor surface damage on glass, plastic, ceramic and metal substrates. By leveraging dynamic polymer chain movement at the nanoscale, the treatment restores surfaces to near-original appearance with minimal user intervention.

Nano Magic’s product portfolio includes do-it-yourself application kits for consumer electronics such as smartphones, tablets and smartwatches, as well as bulk coating solutions tailored for original equipment manufacturers and aftermarket service providers.