NuZee (NASDAQ:NUZE) Stock Price Down 6.8% – Time to Sell?

NuZee, Inc. (NASDAQ:NUZE) shares traded down 6.8% during mid-day trading on Tuesday . The company traded as low as $0.68 and last traded at $0.69. Approximately 128,176 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 2,942,293 shares. The stock had previously closed at $0.74.

NuZee Price Performance

The stock has a market cap of $3.45 million, a price-to-earnings ratio of -0.09 and a beta of 1.86. The company’s 50 day moving average is $0.73 and its 200 day moving average is $1.24.

Insider Activity

In other NuZee news, major shareholder Info Pte. Ltd. Dyt acquired 701,754 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The shares were acquired at an average cost of $0.57 per share, for a total transaction of $399,999.78. Following the transaction, the insider now directly owns 1,496,159 shares of the company’s stock, valued at approximately $852,810.63. This represents a 88.34 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.12% of the company’s stock.

NuZee Company Profile

NuZee, Inc, together with its subsidiaries, manufactures, packs, and sells single-serve pour-over coffee and tea bag-style coffee for coffee roasters and food service companies in North America and South Korea. The company sells its products under Coffee Blenders, Twin Peaks, DRIPKIT, and Stone Brewing brand names.