Singing Machine (NASDAQ:MICS) Shares Up 2.9% – Here’s What Happened

The Singing Machine Company, Inc. (NASDAQ:MICS)’s share price shot up 2.9% on Tuesday . The stock traded as high as $0.35 and last traded at $0.35. 70,331 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 255,673 shares. The stock had previously closed at $0.34.

Singing Machine Stock Up 2.9 %

The company’s fifty day moving average price is $0.52 and its two-hundred day moving average price is $0.81.

Singing Machine (NASDAQ:MICS) last released its quarterly earnings results on Monday, August 19th. The company reported ($0.95) earnings per share for the quarter. The firm had revenue of $2.44 million for the quarter.

About Singing Machine

The Singing Machine Company, Inc, together with its subsidiaries, engages in the development, marketing, and sale of consumer karaoke audio equipment, accessories, and musical recordings in North America, Australia, the United Kingdom, Europe, and internationally. It offers karaoke products under the Singing Machine brand; licensed karaoke microphone products under the Carpool Karaoke brand; microphone and accessories, and portable Bluetooth microphones under the Party Machine brand; music entertainment singing machines for children under the brand Singing Machine Kids; and karaoke music subscription services for the iOS and Android platforms, as well as a web-based download store and integrated streaming services for hardware.