Shares of The Singing Machine Company, Inc. (OTCMKTS:SMDM – Get Free Report) were down 6.8% during trading on Monday . The company traded as low as $0.19 and last traded at $0.19. Approximately 426,400 shares traded hands during mid-day trading, an increase of 320% from the average daily volume of 101,517 shares. The stock had previously closed at $0.20.
Singing Machine Stock Down 6.8 %
The stock’s 50 day simple moving average is $0.19 and its two-hundred day simple moving average is $0.19.
About Singing Machine
The Singing Machine Company, Inc, together with its subsidiaries, engages in the development, marketing, and sale of consumer karaoke audio equipment, accessories, and musical recordings in North America, Europe, Asia, and Australia. It offers karaoke products under the flagship brand Singing Machine; licensed karaoke microphone products under the Carpool Karaoke brand; microphone accessories and portable Bluetooth microphones under the Party Machine brand; music entertainment singing machines for children under the brand Singing Machine Kids; and karaoke music subscription services for the iOS and Android platforms, as well as a web-based download store and integrated streaming services for Singing Machine hardware.
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