Sugarmade (OTCMKTS:SGMD) Trading Down 6.6%

Sugarmade Inc (OTCMKTS:SGMD)’s share price was down 6.6% on Wednesday . The company traded as low as $0.01 and last traded at $0.01, approximately 3,262,317 shares changed hands during trading. A decline of 35% from the average daily volume of 5,038,259 shares. The stock had previously closed at $0.01.

The firm’s 50 day simple moving average is $0.01 and its 200 day simple moving average is $0.01. The company has a market cap of $4.96 million, a price-to-earnings ratio of -0.29 and a beta of -0.55. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 0.02.

Sugarmade Company Profile (OTCMKTS:SGMD)

Sugarmade, Inc engages in the supply of hydroponic and cultivation products, and products to quick service restaurants. It supplies hydroponic and indoor/outdoor cultivation products to the agricultural market sectors, including the legal cannabis cultivation, processing, and distribution sectors. The company also produces and wholesales custom printed and generic supplies, such as double poly paper cups for cold beverage; and disposable, clear, and plastic cold cups, and paper coffee cups, yogurt cups, ice cream cups, cup lids, cup sleeves, edible packaging, food containers, soup containers, plastic spoons, and other related products.

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