VEON (NASDAQ:VEON) Shares Gap Down to $24.80

Shares of VEON Ltd. (NASDAQ:VEON) gapped down prior to trading on Monday . The stock had previously closed at $24.80, but opened at $24.25. VEON shares last traded at $24.30, with a volume of 2,321 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of VEON from a “buy” rating to a “hold” rating in a research report on Wednesday, April 17th.

VEON Stock Performance

The stock has a 50 day moving average price of $24.21 and a 200 day moving average price of $21.34. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 2.55.

Institutional Trading of VEON

A number of large investors have recently added to or reduced their stakes in the business. Helikon Investments Ltd boosted its stake in shares of VEON by 30.4% during the 1st quarter. Helikon Investments Ltd now owns 2,533,075 shares of the Wireless communications provider’s stock worth $60,819,000 after acquiring an additional 591,060 shares in the last quarter. Wellington Management Group LLP raised its holdings in VEON by 8.9% during the 4th quarter. Wellington Management Group LLP now owns 540,347 shares of the Wireless communications provider’s stock worth $10,645,000 after buying an additional 44,013 shares during the period. Gabelli Funds LLC increased its position in shares of VEON by 10.1% in the fourth quarter. Gabelli Funds LLC now owns 109,040 shares of the Wireless communications provider’s stock worth $2,148,000 after acquiring an additional 10,000 shares in the last quarter. Monaco Asset Management SAM lifted its position in shares of VEON by 138.0% in the 4th quarter. Monaco Asset Management SAM now owns 23,800 shares of the Wireless communications provider’s stock valued at $469,000 after acquiring an additional 13,800 shares in the last quarter. Finally, National Bank of Canada FI acquired a new position in VEON in the 4th quarter worth approximately $50,000. 21.30% of the stock is currently owned by institutional investors.

VEON Company Profile

VEON Ltd., a digital operator, provides connectivity and internet services in Pakistan, Ukraine, Kazakhstan, Bangladesh, Uzbekistan, and Kyrgyzstan. It offers mobile telecommunications services, including value added and call completion, national and international roaming, wireless Internet access, mobile financial, and mobile bundle services; data connectivity, cross border transit, voice, Internet, and data services; fixed-line telecommunications using intercity fiber optic networks; and Internet-TV using Fiber to the building technology.