Nano Magic (OTCMKTS:NMGX) Shares Up 27.6% – Time to Buy?

Nano Magic Inc. (OTCMKTS:NMGXGet Free Report)’s share price rose 27.6% during trading on Wednesday . The company traded as high as $0.57 and last traded at $0.57. Approximately 100 shares were traded during trading, a decline of 97% from the average daily volume of 3,900 shares. The stock had previously closed at $0.45.

Nano Magic Stock Up 27.6 %

The stock has a fifty day moving average of $0.67 and a 200 day moving average of $0.80. The firm has a market capitalization of $7.96 million, a P/E ratio of -1.96 and a beta of 36.54. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.54 and a quick ratio of 0.17.

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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