Nature’s Miracle (NASDAQ:NMHI) Stock Price Down 3.6% – Should You Sell?

Nature’s Miracle Holding Inc. (NASDAQ:NMHI)’s share price dropped 3.6% during mid-day trading on Wednesday . The company traded as low as $0.16 and last traded at $0.16. Approximately 216,432 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 1,284,160 shares. The stock had previously closed at $0.17.

Nature’s Miracle Price Performance

The business’s 50-day moving average price is $0.16 and its 200 day moving average price is $0.46.

Nature’s Miracle (NASDAQ:NMHI) last posted its earnings results on Wednesday, August 14th. The company reported ($0.07) earnings per share (EPS) for the quarter. The business had revenue of $3.41 million for the quarter.

Institutional Investors Weigh In On Nature’s Miracle

An institutional investor recently bought a new position in Nature’s Miracle stock. MMCAP International Inc. SPC purchased a new stake in Nature’s Miracle Holding Inc. (NASDAQ:NMHI) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 45,000 shares of the company’s stock, valued at approximately $42,000. MMCAP International Inc. SPC owned approximately 0.17% of Nature’s Miracle as of its most recent SEC filing. Institutional investors own 94.56% of the company’s stock.

About Nature’s Miracle

Nature’s Miracle Holding Inc, an agriculture technology company, provides lighting and grow media products to growers in the controlled environment agriculture industry in the United States and Canada. The company offers LED fixtures; high pressure sodium and ceramic metal halide fixtures; and electronic ballasts and control boxes.