Nano Magic (OTCMKTS:NMGX) Stock Price Down 7.5% – Should You Sell?

Nano Magic Inc. (OTCMKTS:NMGX)’s stock price dropped 7.5% during trading on Tuesday . The company traded as low as $0.51 and last traded at $0.51. Approximately 112 shares changed hands during trading, a decline of 97% from the average daily volume of 4,060 shares. The stock had previously closed at $0.55.

Nano Magic Stock Performance

The company has a market cap of $8.27 million, a P/E ratio of -2.36 and a beta of 37.33. The company has a quick ratio of 0.11, a current ratio of 0.54 and a debt-to-equity ratio of 0.24. The firm’s 50 day moving average is $0.74 and its two-hundred day moving average is $0.83.

Nano Magic (OTCMKTS:NMGX) last released its quarterly earnings results on Monday, August 19th. The company reported ($0.06) EPS for the quarter. Nano Magic had a negative net margin of 121.38% and a negative return on equity of 438.98%. The company had revenue of $0.62 million during 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 sporting product applications and goggles.