Nano Magic (OTCMKTS:NMGX) Stock Price Down 3.5%

Nano Magic Inc. (OTCMKTS:NMGX) fell 3.5% during mid-day trading on Wednesday . The stock traded as low as $0.55 and last traded at $0.55. 845 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 1,991 shares. The stock had previously closed at $0.57.

Nano Magic Stock Down 3.5 %

The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.68 and a current ratio of 1.37. The company has a market capitalization of $6.79 million, a price-to-earnings ratio of -2.20 and a beta of 35.92. The firm’s 50-day simple moving average is $0.46 and its 200-day simple moving average is $0.62.

Nano Magic (OTCMKTS:NMGX) last issued its earnings results on Wednesday, April 3rd. The company reported ($0.07) earnings per share for the quarter. Nano Magic had a negative net margin of 102.66% and a negative return on equity of 252.35%. The business had revenue of $0.72 million for the quarter.

About Nano Magic

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 safety glasses and sporting googles, as well as protective eye wear, including face shields.