Singing Machine (NASDAQ:MICS) Trading 3.7% Higher

The Singing Machine Company, Inc. (NASDAQ:MICS)’s share price shot up 3.7% on Friday . The stock traded as high as $1.47 and last traded at $1.40. 71,704 shares traded hands during mid-day trading, an increase of 136% from the average session volume of 30,444 shares. The stock had previously closed at $1.35.

Singing Machine Price Performance

The firm’s 50 day simple moving average is $0.99 and its two-hundred day simple moving average is $0.96.

Institutional Trading of Singing Machine

An institutional investor recently raised its position in Singing Machine stock. Perritt Capital Management Inc. boosted its holdings in The Singing Machine Company, Inc. (NASDAQ:MICS) by 36.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 143,720 shares of the company’s stock after purchasing an additional 38,358 shares during the period. Perritt Capital Management Inc. owned approximately 3.41% of Singing Machine worth $145,000 at the end of the most recent reporting period.

Singing Machine Company Profile

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.