NuZee (NASDAQ:NUZE) Trading Down 6.8% – Here’s Why

NuZee, Inc. (NASDAQ:NUZE) shares traded down 6.8% during mid-day trading on Tuesday . The company traded as low as $0.68 and last traded at $0.69. 128,176 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 2,942,293 shares. The stock had previously closed at $0.74.

NuZee Stock Performance

The stock has a market cap of $4.01 million, a price-to-earnings ratio of -0.11 and a beta of 1.86. The company’s 50 day simple moving average is $0.73 and its 200 day simple moving average is $1.24.

Insider Buying and Selling

In related news, major shareholder Info Pte. Ltd. Dyt bought 701,754 shares of the business’s stock in a transaction dated Monday, October 14th. The shares were bought at an average cost of $0.57 per share, with a total value of $399,999.78. Following the completion of the transaction, the insider now directly owns 1,496,159 shares of the company’s stock, valued at approximately $852,810.63. This trade represents a 88.34 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.12% of the stock is owned by corporate 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.