NII Holdings Inc (NASDAQ:NIHD) traded down 14.1% on Tuesday . The stock traded as low as $2.11 and last traded at $1.95. 143,660 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 1,433,295 shares. The stock had previously closed at $2.27.

Separately, BidaskClub raised shares of NII from a “sell” rating to a “hold” rating in a research report on Monday, January 7th.

NII (NASDAQ:NIHD) last released its earnings results on Monday, March 18th. The Wireless communications provider reported $0.02 earnings per share for the quarter. The company had revenue of $141.70 million during the quarter. During the same period in the prior year, the firm earned ($0.95) earnings per share.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. increased its position in shares of NII by 471.6% in the 4th quarter. Meeder Asset Management Inc. now owns 5,836 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 4,815 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of NII in the 4th quarter valued at about $32,000. Virtu Financial LLC acquired a new position in shares of NII in the 4th quarter valued at about $44,000. Squarepoint Ops LLC acquired a new position in shares of NII in the 4th quarter valued at about $45,000. Finally, Gabelli Funds LLC acquired a new position in shares of NII in the 4th quarter valued at about $51,000. 66.91% of the stock is owned by institutional investors.

TRADEMARK VIOLATION NOTICE: This report was originally reported by Watch List News and is owned by of Watch List News. If you are accessing this report on another site, it was stolen and republished in violation of U.S. and international copyright and trademark legislation. The original version of this report can be accessed at https://www.watchlistnews.com/nii-nihd-stock-price-down-14-1/2902461.html.

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, international voice and data roaming, and application-based radio connection services.

Featured Article: Insider Trading

Receive News & Ratings for NII Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NII and related companies with MarketBeat.com's FREE daily email newsletter.