NuZee (NASDAQ:NUZE) Trading Down 1.7% – Should You Sell?

NuZee, Inc. (NASDAQ:NUZE) shares fell 1.7% during trading on Tuesday . The stock traded as low as $0.53 and last traded at $0.54. 93,165 shares were traded during trading, a decline of 97% from the average session volume of 2,942,293 shares. The stock had previously closed at $0.55.

NuZee Stock Performance

The stock has a market capitalization of $2.61 million, a price-to-earnings ratio of -0.07 and a beta of 1.86. The company has a fifty day simple moving average of $0.74 and a 200 day simple moving average of $1.50.

NuZee (NASDAQ:NUZE) last announced its earnings results on Monday, August 19th. The company reported ($0.76) EPS for the quarter. The company had revenue of $0.37 million for the quarter. NuZee had a negative return on equity of 1,600.52% and a negative net margin of 251.32%.

Insiders Place Their Bets

In other news, major shareholder Info Pte. Ltd. Dyt bought 701,754 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The stock was acquired at an average cost of $0.57 per share, with a total value 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.12% of the company’s stock.

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.