Nano Magic (OTCMKTS:NMGX) Posts Quarterly Earnings Results

Nano Magic (OTCMKTS:NMGX) issued its earnings results on Tuesday. The company reported ($0.05) EPS for the quarter, Zacks reports. Nano Magic had a negative return on equity of 871.01% and a negative net margin of 149.98%.

Nano Magic Trading Up 2.1%

Nano Magic stock traded up $0.01 during mid-day trading on Tuesday, reaching $0.67. The company’s stock had a trading volume of 1,500 shares, compared to its average volume of 2,740. The firm has a market cap of $9.71 million, a price-to-earnings ratio of -2.32 and a beta of 48.24. The business has a 50 day moving average price of $0.67 and a 200-day moving average price of $0.60. Nano Magic has a twelve month low of $0.31 and a twelve month high of $1.00.

Nano Magic Company Profile

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.