NII (NASDAQ:NIHD) Sees Strong Trading Volume
Shares of NII Holdings Inc (NASDAQ:NIHD) saw strong trading volume on Monday . 2,682,969 shares were traded during trading, an increase of 158% from the previous session’s volume of 1,038,350 shares.The stock last traded at $1.87 and had previously closed at $1.86.
The company’s 50-day moving average is $1.86 and its two-hundred day moving average is $1.82.
NII (NASDAQ:NIHD) last issued its earnings results on Tuesday, November 5th. The Wireless communications provider reported ($0.07) earnings per share for the quarter. NII had a negative return on equity of 4.76% and a negative net margin of 18.24%.
A number of large investors have recently modified their holdings of the business. Weiss Asset Management LP boosted its position in NII by 7,836.4% during the second quarter. Weiss Asset Management LP now owns 1,676,643 shares of the Wireless communications provider’s stock worth $2,834,000 after purchasing an additional 1,655,517 shares during the period. Teton Advisors Inc. lifted its holdings in shares of NII by 2.8% in the second quarter. Teton Advisors Inc. now owns 1,100,000 shares of the Wireless communications provider’s stock worth $1,859,000 after buying an additional 30,000 shares in the last quarter. Gabelli Funds LLC lifted its holdings in shares of NII by 1,309.6% in the third quarter. Gabelli Funds LLC now owns 916,214 shares of the Wireless communications provider’s stock worth $1,796,000 after buying an additional 851,214 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of NII in the third quarter worth about $1,520,000. Finally, Bluefin Trading LLC lifted its holdings in shares of NII by 11.9% in the third quarter. Bluefin Trading LLC now owns 680,700 shares of the Wireless communications provider’s stock worth $1,334,000 after buying an additional 72,300 shares in the last quarter. Hedge funds and other institutional investors own 62.40% of the company’s stock.
NII Company Profile (NASDAQ:NIHD)
NII Holdings, Inc, through its subsidiaries, provides wireless communication services to the individual consumers under the Nextel brand in Brazil. The company offers its services through wideband code division multiple access and long-term evolution networks. Its services include mobile telephone voice and wireless data, and international voice and data roaming services.
Further Reading: Trading based on a resistance level
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