NuZee (NASDAQ:NUZE) Shares Down 6.8% – Here’s What Happened

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

NuZee Price Performance

The business’s 50-day moving average price is $0.73 and its two-hundred day moving average price is $1.24. The firm has a market cap of $4.01 million, a price-to-earnings ratio of -0.11 and a beta of 1.86.

Insider Activity at NuZee

In other NuZee news, major shareholder Info Pte. Ltd. Dyt bought 701,754 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The stock was purchased at an average price of $0.57 per share, with a total value of $399,999.78. Following the transaction, the insider now owns 1,496,159 shares in the company, valued at $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 SEC, which is available at the SEC website. 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.