N2OFF (NASDAQ:NITO) Shares Down 31.2% – Should You Sell?

N2OFF, Inc. (NASDAQ:NITO)’s stock price dropped 31.2% during trading on Tuesday . The company traded as low as $1.34 and last traded at $1.37. Approximately 6,329,349 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 246,216,125 shares. The stock had previously closed at $1.99.

N2OFF Stock Performance

The company’s 50 day simple moving average is $0.37 and its two-hundred day simple moving average is $0.36.

N2OFF Company Profile

N2OFF, Inc, an agri-food tech company, engages in the development and sale of eco-friendly green solutions for the food industry to enhance food safety and shelf life of fresh produce. Its products are based on proprietary blend of food acids combined with various oxidizing agent-based sanitizers and low concentrated fungicides for cleaning, sanitizing, and controlling pathogens on fresh produce that are safer for human consumption and extend their shelf life by reducing their decay.