NuZee (NASDAQ:NUZE) Trading 1% Higher

Posted by on Jun 21st, 2022

Shares of NuZee, Inc. (NASDAQ:NUZE – Get Rating) traded up 1% during mid-day trading on Monday . The company traded as high as $1.06 and last traded at $1.01. 127 shares traded hands during trading, a decline of 100% from the average session volume of 33,259 shares. The stock had previously closed at $1.00.

The company has a market cap of $19.66 million, a PE ratio of -1.44 and a beta of -2.13. The business has a 50-day simple moving average of $1.46 and a 200-day simple moving average of $2.37.

NuZee (NASDAQ:NUZE – Get Rating) last issued its quarterly earnings results on Thursday, May 12th. The company reported ($0.18) earnings per share (EPS) for the quarter. The business had revenue of $0.72 million for the quarter. NuZee had a negative return on equity of 102.88% and a negative net margin of 461.63%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its position in shares of NuZee by 2,422.0% in the fourth quarter. Geode Capital Management LLC now owns 612,296 shares of the company’s stock valued at $2,534,000 after acquiring an additional 588,018 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of NuZee in the third quarter valued at approximately $201,000. Goldman Sachs Group Inc. acquired a new stake in shares of NuZee in the third quarter valued at approximately $114,000. Renaissance Technologies LLC acquired a new stake in shares of NuZee in the first quarter valued at approximately $111,000. Finally, Northern Trust Corp acquired a new stake in shares of NuZee in the fourth quarter valued at approximately $141,000. Institutional investors and hedge funds own 11.77% of the company’s stock.

NuZee Company Profile (NASDAQ:NUZE)

NuZee, Inc, a specialty coffee company, engages in the manufacture, packing, and sale of single serve coffee and tea bag-style coffee for coffee roasters and suppliers in North America and South Korea. The company provides its products under Coffee Blenders, Twin Peaks, and Pine Ranch brands. It serves retail and grocery customers, office, and hospitality sectors.

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