Nano Magic (OTCMKTS:NMGX) Shares Up 26% – Still a Buy?

Nano Magic Inc. (OTCMKTS:NMGXGet Free Report)’s share price shot up 26% during trading on Monday . The stock traded as high as $0.63 and last traded at $0.63. 855 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 3,469 shares. The stock had previously closed at $0.50.

Nano Magic Trading Up 15.8 %

The company has a 50-day simple moving average of $0.56 and a 200 day simple moving average of $0.62. The company has a market cap of $10.52 million, a P/E ratio of -2.52 and a beta of 39.19.

About Nano Magic

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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.

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