As of May 30, 2023, NuZee, Inc. remains a top-tier coffee co-packing and technology company catering to more than 200 brands across all formats. Recently, the company proudly revealed that it has received a purchase order from Ethical Bean, a Fairtrade certified organic coffee roaster. Ethical Bean is known for its exceptional quality and was awarded the 2014 Fairtrade Canada “Licensee of the Year” award. The company also supports Child Aid and Project Somos, two organizations that aim to improve the lives of Guatemalans.
NuZee’s CEO, Masa Higashida, expressed his enthusiasm for the partnership, stating that Ethical Bean is a valuable addition to their growing co-packing operations. Ethical Bean is a premium coffee roaster with a strong presence in major retailers such as Walmart and Costco. NuZee prides itself on its commitment to sustainability and creating long-term market value for shareholders. The company has expanded its manufacturing capabilities and has become a renowned co-packer in the industry.
Aside from its partnership with Ethical Bean, NuZee also announced its first private label agreement with Wakefern Food Corporation. The company has been recognized as the most innovative coffee processing company of 2022 by World Finance. Furthermore, NuZee has expanded its manufacturing footprint to the East Coast and has entered into a manufacturing agreement with a California-based coffee packaging and private label solutions provider.
NUZE Stock Overview: Market Capitalization, Revenue and Earnings Growth, and Undervaluation in the Consumer Non-Durables Sector
On May 30, 2023, NUZE stock opened at $11.55 and remained at that price throughout the day, with a volume of only one. The company’s market capitalization was $9.2 million, and its revenue growth rate over the past year was 61.38%, higher than the industry average. NUZE’s earnings growth rate over the past year was 46.10%, but information on future earnings growth rates was not available. The lack of information on NUZE’s P/E ratio and competitors makes it difficult to assess the company’s performance. NUZE’s price/sales and price/book ratios were relatively low, indicating that the stock is undervalued compared to its peers in the industry. NUZE’s corporate headquarters is in Richardson, Texas, and it operates in the consumer non-durables sector.
NUZE Stock Performance Unavailable for Analysis on May 30, 2023: No Recommendations for Investors
On May 30, 2023, NUZE stock performance was not available for analysis as there was no chart or forecast data available. Additionally, there were no recommendations available for investors looking to invest in NUZE stock.