NAMI (NASDAQ:NAMI) Trading Down 3.3% – Here’s What Happened

Shares of NAMI Corp. (NASDAQ:NAMI) were down 3.3% on Monday . The stock traded as low as $0.5501 and last traded at $0.58. Approximately 5,500 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 19,885 shares. The stock had previously closed at $0.60.

NAMI Trading Down 3.3%

The firm has a 50-day simple moving average of $0.70 and a 200 day simple moving average of $0.86.

NAMI (NASDAQ:NAMI) last released its earnings results 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 approved a stock repurchase program on Wednesday, October 22nd that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

About NAMI

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.