Nano Magic (OTCMKTS:NMGX) Trading 6.5% Higher – Here’s Why

Nano Magic, Inc. (OTCMKTS:NMGX) shares rose 6.5% during mid-day trading on Tuesday . The stock traded as high as $0.25 and last traded at $0.25. Approximately 225 shares traded hands during mid-day trading, an increase of 709% from the average daily volume of 28 shares. The stock had previously closed at $0.2347.

Nano Magic Stock Performance

The firm has a 50 day moving average price of $0.24 and a two-hundred day moving average price of $0.43. The company has a market cap of $3.65 million, a P/E ratio of -0.83 and a beta of 55.93.

Nano Magic (OTCMKTS:NMGX) last released its quarterly earnings data on Friday, November 21st. The company reported ($0.06) EPS for the quarter. The business had revenue of $0.53 million for the quarter.

About Nano Magic

Nano Magic Ltd, trading on OTCMKTS under the symbol NMGX, is a nanotechnology company focused on the development and commercialization of self-healing protective coatings. The company’s core offering is a proprietary polymer-based nano-coating designed to repair and conceal light scratches, scuffs and minor surface damage on glass, plastic, ceramic and metal substrates. By leveraging dynamic polymer chain movement at the nanoscale, the treatment restores surfaces to near-original appearance with minimal user intervention.

Nano Magic’s product portfolio includes do-it-yourself application kits for consumer electronics such as smartphones, tablets and smartwatches, as well as bulk coating solutions tailored for original equipment manufacturers and aftermarket service providers.