NuZee (NASDAQ:NUZE) Trading 0.6% Higher

NuZee, Inc. (NASDAQ:NUZE) shares traded up 0.6% on Wednesday . The company traded as high as $1.61 and last traded at $1.61. 418 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 278,332 shares. The stock had previously closed at $1.60.

NuZee Stock Performance

The stock’s 50 day simple moving average is $1.74 and its two-hundred day simple moving average is $1.79. The firm has a market capitalization of $2.09 million, a PE ratio of -0.18 and a beta of 2.05.

NuZee (NASDAQ:NUZE) last announced its quarterly earnings results on Friday, May 24th. The company reported ($1.28) earnings per share (EPS) for the quarter. The firm had revenue of $0.61 million for the quarter. NuZee had a negative return on equity of 537.84% and a negative net margin of 247.67%.

Institutional Trading of NuZee

A hedge fund recently bought a new stake in NuZee stock. Bard Associates Inc. purchased a new position in shares of NuZee, Inc. (NASDAQ:NUZE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 117,750 shares of the company’s stock, valued at approximately $299,000. Bard Associates Inc. owned about 9.20% of NuZee at the end of the most recent reporting period. 23.42% of the stock is currently owned by institutional investors and hedge funds.

About NuZee

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.