The Singing Machine Company, Inc. (OTCMKTS:SMDM – Get Free Report)’s share price crossed below its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $0.19 and traded as low as $0.1850. Singing Machine shares last traded at $0.1865, with a volume of 426,400 shares changing hands.
Singing Machine Stock Performance
The stock’s 50-day moving average price is $0.19 and its 200-day moving average price is $0.19.
Singing Machine Company Profile
The Singing Machine Company, Inc develops, manufactures, and distributes consumer karaoke products and related accessories. Its offerings include karaoke machines, microphones, speakers, wireless systems, and other home-entertainment products designed for children, families, and general consumers.
The company also provides digital karaoke content and related services, including access to licensed songs through compatible devices and applications. Its products have been marketed under the Singing Machine brand and through licensed entertainment partnerships, and are sold through retail stores, e-commerce channels, and other distributors.
Founded in 1982, Singing Machine is headquartered in Fort Lauderdale, Florida.
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