VEON (NASDAQ:VEON) Stock Price Down 4.7% – Should You Sell?

VEON Ltd. (NASDAQ:VEON)’s stock price dropped 4.7% on Thursday . The company traded as low as $42.89 and last traded at $42.98. Approximately 62,483 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 142,525 shares. The stock had previously closed at $45.10.

Analyst Upgrades and Downgrades

Separately, Benchmark started coverage on shares of VEON in a research note on Tuesday, November 12th. They issued a “buy” rating and a $48.00 price target for the company.

VEON Trading Up 3.9 %

The company has a debt-to-equity ratio of 2.34, a current ratio of 0.81 and a quick ratio of 0.80. The firm has a 50 day moving average of $39.98 and a two-hundred day moving average of $33.00.

VEON (NASDAQ:VEON) last released its earnings results on Friday, December 13th. The Wireless communications provider reported $3.00 EPS for the quarter. VEON had a positive return on equity of 36.48% and a negative net margin of 81.71%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Rhumbline Advisers raised its holdings in VEON by 300.0% in the 4th quarter. Rhumbline Advisers now owns 720 shares of the Wireless communications provider’s stock worth $29,000 after acquiring an additional 540 shares during the last quarter. Samson Rock Capital LLP raised its stake in shares of VEON by 20.0% in the fourth quarter. Samson Rock Capital LLP now owns 36,000 shares of the Wireless communications provider’s stock worth $1,444,000 after purchasing an additional 6,000 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of VEON by 100.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,440 shares of the Wireless communications provider’s stock valued at $58,000 after purchasing an additional 720 shares in the last quarter. R Squared Ltd purchased a new stake in shares of VEON during the fourth quarter valued at $101,000. Finally, Helikon Investments Ltd increased its holdings in VEON by 5.0% in the 4th quarter. Helikon Investments Ltd now owns 2,927,104 shares of the Wireless communications provider’s stock worth $117,377,000 after buying an additional 138,149 shares in the last quarter. Institutional investors own 21.30% of the company’s stock.

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.