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

NuZee, Inc. (NASDAQ:NUZE)’s stock price fell 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 traded 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 firm has a fifty day simple moving average of $0.73 and a 200 day simple moving average of $1.24. The company has a market cap of $3.45 million, a PE ratio of -0.09 and a beta of 1.86.

Insider Buying and Selling

In other news, major shareholder Info Pte. Ltd. Dyt purchased 701,754 shares of the company’s stock in a transaction on Monday, October 14th. The stock was bought at an average cost of $0.57 per share, for a total transaction of $399,999.78. Following the completion of the purchase, the insider now directly owns 1,496,159 shares of the company’s stock, valued at $852,810.63. The trade was a 88.34 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate 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.