Nano Magic (OTCMKTS:NMGX) Shares Down 3.5%

Nano Magic Inc. (OTCMKTS:NMGX)’s share price was down 3.5% on Wednesday . The company traded as low as $0.55 and last traded at $0.55. Approximately 845 shares traded hands during trading, a decline of 58% from the average daily volume of 1,991 shares. The stock had previously closed at $0.57.

Nano Magic Price Performance

The business has a 50-day simple moving average of $0.46 and a two-hundred day simple moving average of $0.62. 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.

Nano Magic (OTCMKTS:NMGX) last posted its quarterly earnings results on Wednesday, April 3rd. The company reported ($0.07) EPS 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 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 safety glasses and sporting googles, as well as protective eye wear, including face shields.