C-Bond Systems (OTCMKTS:CBNT) Shares Down 19.3%

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Shares of C-Bond Systems Inc (OTCMKTS:CBNT) were down 19.3% during mid-day trading on Monday . The company traded as low as $0.01 and last traded at $0.01, approximately 806,932 shares traded hands during trading. A decline of 9% from the average daily volume of 882,669 shares. The stock had previously closed at $0.02.

Separately, Zacks Investment Research cut shares of C-Bond Systems from a “buy” rating to a “hold” rating in a report on Tuesday, May 26th.

The company’s 50 day moving average is $0.01 and its two-hundred day moving average is $0.04. The firm has a market cap of $2.23 million and a P/E ratio of -0.15.

C-Bond Systems (OTCMKTS:CBNT) last released its earnings results on Monday, May 18th. The company reported ($0.01) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. The company had revenue of $0.06 million during the quarter. As a group, research analysts forecast that C-Bond Systems Inc will post -0.07 EPS for the current fiscal year.

C-Bond Systems Company Profile (OTCMKTS:CBNT)

C-Bond Systems, Inc operates as a material development company. Its products include C-Bond NanoShield, a patented nanotechnology windshield glass strengthening and hydrophobic all-in-one performance system to improve windshield safety and performance; C-Bond I, a patented non-toxic water-based nanotechnology solution to enhance the strength of glass and improve the performance properties of window film-to-glass products; and C-Bond BRS, a ballistic resistant film system that enhances the structural integrity of glass.

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