NuZee, Inc. (NASDAQ:NUZE – Get Rating)'s stock price dropped 4.9% during trading on Friday . The stock traded as low as $11.28 and last traded at $11.32. Approximately 10,410 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 73,057 shares. The stock had previously closed at $11.90.

NuZee Stock Down 4.9 %

The company's fifty day simple moving average is $11.89 and its 200 day simple moving average is $12.66.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in NuZee stock. Renaissance Technologies LLC purchased a new stake in NuZee, Inc. (NASDAQ:NUZE – Get Rating) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 50,600 shares of the company's stock, valued at approximately $111,000. Renaissance Technologies LLC owned 0.28% of NuZee at the end of the most recent reporting period. Institutional investors and hedge funds own 5.65% of the company's stock.

About NuZee

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NuZee, Inc engages in the manufacture, market, and distribution, commercialization, and development of functional beverages products. It operates under Twin Peaks, Pine Ranch, and Coffee Blenders brands. The company was founded on November 9, 2011 and is headquartered in Richardson, TX.

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