NuZee, Inc. (NASDAQ:NUZE) Major Shareholder Info Pte. Ltd. Dyt Acquires 701,754 Shares

NuZee, Inc. (NASDAQ:NUZE) major shareholder Info Pte. Ltd. Dyt bought 701,754 shares of the firm’s stock in a transaction dated Monday, October 14th. The stock was purchased at an average price of $0.57 per share, for a total transaction of $399,999.78. Following the transaction, the insider now owns 1,496,159 shares of the company’s stock, valued at approximately $852,810.63. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

NuZee Price Performance

NASDAQ NUZE opened at $1.77 on Friday. The business has a fifty day moving average price of $1.08 and a 200 day moving average price of $1.59. NuZee, Inc. has a one year low of $0.25 and a one year high of $8.00.

NuZee (NASDAQ:NUZE) last released its earnings results on Monday, August 19th. The company reported ($0.76) earnings per share (EPS) for the quarter. The business had revenue of $0.37 million for the quarter. NuZee had a negative return on equity of 1,600.52% and a negative net margin of 251.32%.

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.