VEON (NASDAQ:VEON) is trading up 1.4%
The shares of VEON Ltd. (NASDAQ:VEON – Get Rating) traded up 1.4% at midday on Monday. The stock traded as low as $0.45 and last traded at $0.45. 3,710 shares changed hands during trading, down 100% from the average session volume of 18,163,232 shares. The stock had previously closed at $0.44.
Separately, StockNews.com took over coverage of VEON stocks in a Friday, July 8 research report. They have set a “Strong Buy” rating on the stock.
The company’s 50-day moving average price is $0.48 and its 200-day moving average price is $0.82. The company has a debt ratio of 6.25, a quick ratio of 0.79 and a current ratio of 0.81.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. River & Mercantile Asset Management LLP increased its position in VEON shares by 0.7% during the fourth quarter. River & Mercantile Asset Management LLP now owns 973,228 shares of the wireless communications provider worth $1,669,000 after buying an additional 6,530 shares last quarter. Greytown Advisors Inc. increased its position in VEON shares by 38.7% during the fourth quarter. Greytown Advisors Inc. now owns 26,362 shares of the wireless communications provider worth $45,000 after buying an additional 7,352 shares last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in VEON by 25.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 43,842 shares of the wireless communications provider valued at $75,000 after acquiring 8,808 additional shares last quarter. GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in VEON by 16.7% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 70,000 shares of the wireless communications provider valued at $120,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Commonwealth Equity Services LLC acquired a new stake in VEON in the fourth quarter at a value of $32,000. 28.21% of the shares are currently held by institutional investors and hedge funds.
VEON Company Profile (NASDAQ: VEON)
VEON Ltd., through its subsidiaries, provides mobile and fixed telecommunications services. It offers voice, data and other telecommunications services through a range of wireless, fixed and broadband Internet services. The company provides value-added services, including short message, multimedia message, caller number identification, call waiting, data transmission, mobile internet, downloadable content, finance mobile, machine-to-machine and other services; national and international roaming services; wireless Internet access; and mobile plans and call completion services.
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