usell.com Inc. (OTCMKTS:USEL) major shareholder Piton Capital Partners Llc acquired 2,000,000 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were purchased at an average cost of $0.50 per share, for a total transaction of $1,000,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

usell.com Inc. (OTCMKTS:USEL) opened at $0.46 on Wednesday. usell.com Inc. has a twelve month low of $0.26 and a twelve month high of $0.88. The company has a current ratio of 2.06, a quick ratio of 0.75 and a debt-to-equity ratio of 0.79.

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Separately, ValuEngine lowered usell.com from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 31st.

usell.com Company Profile

uSell.com, Inc (uSell) is a technology-based company. The Company focuses on extracting the value from used mobile devices. It acquires products from both individual consumers, on its Website, uSell.com, and from carriers, retailers and manufacturers through its subsidiary, We Sell Cellular, LLC. These devices are then distributed across the world, which leverages an online marketplace where professional buyers of used smartphones compete to buy inventory in an on-demand fashion.

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