The Singing Machine Company, Inc. (NASDAQ:MICS – Get Free Report) rose 5.6% during trading on Thursday . The company traded as high as $0.75 and last traded at $0.74. Approximately 103,029 shares traded hands during trading, a decline of 60% from the average daily volume of 256,924 shares. The stock had previously closed at $0.70.
Singing Machine Price Performance
The business’s 50-day moving average price is $0.70 and its two-hundred day moving average price is $0.95.
Singing Machine (NASDAQ:MICS – Get Free Report) last posted its quarterly earnings data on Monday, August 19th. The company reported ($0.95) earnings per share (EPS) for the quarter. The firm had revenue of $2.44 million during the quarter.
Hedge Funds Weigh In On Singing Machine
About Singing Machine
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.
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