Singing Machine (NASDAQ:MICS) Shares Up 5.6%

The Singing Machine Company, Inc. (NASDAQ:MICS)’s stock price traded up 5.6% on Thursday . The company traded as high as $0.75 and last traded at $0.74. 103,029 shares changed hands during trading, a decline of 60% from the average session volume of 256,924 shares. The stock had previously closed at $0.70.

Singing Machine Stock Up 5.6 %

The stock’s fifty day simple moving average is $0.71 and its two-hundred day simple moving average is $0.95.

Singing Machine (NASDAQ:MICS) last posted its quarterly earnings results on Monday, August 19th. The company reported ($0.95) earnings per share (EPS) for the quarter. The business had revenue of $2.44 million during the quarter.

Institutional Trading of Singing Machine

An institutional investor recently bought a new position in Singing Machine stock. Cable Car Capital LLC bought a new stake in The Singing Machine Company, Inc. (NASDAQ:MICS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 155,001 shares of the company’s stock, valued at approximately $157,000. Singing Machine accounts for about 0.2% of Cable Car Capital LLC’s portfolio, making the stock its 29th largest holding. Cable Car Capital LLC owned about 3.67% of Singing Machine as of its most recent SEC filing.

About Singing Machine

The Singing Machine Company, Inc, together with its subsidiaries, engages in the development, marketing, and sale of consumer karaoke audio equipment, accessories, and musical recordings in North America, Australia, the United Kingdom, Europe, and internationally. It offers karaoke products under the Singing Machine brand; licensed karaoke microphone products under the Carpool Karaoke brand; microphone and accessories, and portable Bluetooth microphones under the Party Machine brand; music entertainment singing machines for children under the brand Singing Machine Kids; and karaoke music subscription services for the iOS and Android platforms, as well as a web-based download store and integrated streaming services for hardware.