NII (NASDAQ:NIHD) was upgraded by ValuEngine from a “strong sell” rating to a “sell” rating in a note issued to investors on Thursday.
Shares of NII (NIHD) traded down $0.04 on Thursday, hitting $1.25. 2,648,322 shares of the company traded hands, compared to its average volume of 2,021,918. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of -3.56. The stock has a market capitalization of $123.59, a P/E ratio of -0.34 and a beta of 2.45. NII has a fifty-two week low of $0.22 and a fifty-two week high of $2.10.
In other news, major shareholder Joseph D. Samberg acquired 56,132 shares of NII stock in a transaction that occurred on Monday, January 8th. The shares were acquired at an average price of $0.52 per share, with a total value of $29,188.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder 683 Capital Management, Llc acquired 874,345 shares of NII stock in a transaction that occurred on Monday, February 26th. The shares were purchased at an average cost of $0.83 per share, for a total transaction of $725,706.35. The disclosure for this purchase can be found here. Insiders have purchased 1,637,569 shares of company stock worth $1,320,569 in the last three months. Insiders own 0.55% of the company’s stock.
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NII Company Profile
NII Holdings, Inc provides wireless communication services under the Nextel brand in Brazil. It offers mobile telephone voice services; wireless data services, including text messaging, mobile Internet, and email services; and push-to-talk services, such as Direct Connect, and Prip and International Direct Connect services, which allow subscribers to talk to each other instantly.
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