Nano Magic (OTCMKTS:NMGX) Shares Up 26% – Time to Buy?

Shares of Nano Magic Inc. (OTCMKTS:NMGXGet Free Report) rose 26% during trading on Monday . The stock traded as high as $0.63 and last traded at $0.63. Approximately 855 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 3,469 shares. The stock had previously closed at $0.50.

Nano Magic Price Performance

The company has a market cap of $9.08 million, a PE ratio of -2.17 and a beta of 39.19. The firm has a 50-day simple moving average of $0.56 and a two-hundred day simple moving average of $0.62.

About Nano Magic

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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.

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