NuZee (NASDAQ:NUZE) Stock Price Down 1.7% – Time to Sell?

NuZee, Inc. (NASDAQ:NUZE)’s share price was down 1.7% during mid-day trading on Wednesday . The company traded as low as $0.79 and last traded at $0.80. Approximately 113,313 shares changed hands during trading, a decline of 96% from the average daily volume of 2,942,293 shares. The stock had previously closed at $0.81.

NuZee Stock Performance

The stock’s 50 day simple moving average is $0.79 and its 200-day simple moving average is $1.36. The firm has a market cap of $3.98 million, a price-to-earnings ratio of -0.11 and a beta of 1.86.

Insider Activity at NuZee

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

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.