Nano Magic Inc. (OTCMKTS:NMGX – Get Free Report) rose 27.6% during mid-day trading on Wednesday . The stock traded as high as $0.57 and last traded at $0.57. Approximately 100 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 3,900 shares. The stock had previously closed at $0.45.
Nano Magic Stock Performance
The stock has a market capitalization of $8.24 million, a price-to-earnings ratio of -2.03 and a beta of 36.54. The company has a current ratio of 0.54, a quick ratio of 0.17 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average of $0.67 and a 200-day moving average of $0.80.
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.
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