Nano Magic (OTCMKTS:NMGX) Trading Down 0.6% – Time to Sell?

Shares of Nano Magic, Inc. (OTCMKTS:NMGX) dropped 0.6% during mid-day trading on Tuesday . The stock traded as low as $0.2199 and last traded at $0.2199. Approximately 694 shares traded hands during mid-day trading, a decline of 22% from the average daily volume of 891 shares. The stock had previously closed at $0.2213.

Nano Magic Trading Down 0.6%

The company has a market capitalization of $3.21 million, a price-to-earnings ratio of -0.73 and a beta of 56.40. The stock’s 50 day moving average price is $0.24 and its 200 day moving average price is $0.39.

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.