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Micro-Cap on Watch; KMA Global Solutions International Inc. (KMAG)

By Warren Paige

KMA Global Solutions International Inc. (PINK: KMAG), a provider of generic and customized solutions in the apparel, multimedia, sporting goods, food, and pharmaceutical industries, has seen a sharp decline in its shares in trading today.

At last check, KMAG shares were trading 9.72% lower at $0.0065 on volume of 7.32 million. The stock is now down more than 40% in the last three trading sessions.

KMA Global Solutions has been in the news in the last few days. Recently, KMAG initiated its stock buyback program. Jeffrey Reid, CEO of KMA Global Solutions, recently, said that KMAG has hit the ground running in 2012 and the company’s filings are up to date. Reid also said that he is preparing for a trip to Asia to check on some development projects and oversee some of its latest production.

KMA Global Solutions has also boosted its management team, with the appointment of a CFO and COO.

 

May 8th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.