VEON (NASDAQ:VEON) Sees Strong Trading Volume

VEON Ltd. (NASDAQ:VEONGet Rating) shares saw unusually-strong trading volume on Tuesday . Approximately 161,380 shares were traded during mid-day trading, a decline of 89% from the previous session’s volume of 1,420,353 shares.The stock last traded at $0.60 and had previously closed at $0.60.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on VEON in a report on Tuesday, November 29th. They set a “strong-buy” rating for the company.

VEON Price Performance

The stock has a fifty day moving average price of $0.40 and a 200-day moving average price of $0.44. The company has a current ratio of 0.62, a quick ratio of 0.60 and a debt-to-equity ratio of 6.04.

Hedge Funds Weigh In On VEON

A number of hedge funds have recently made changes to their positions in the business. Clayton Partners LLC lifted its position in VEON by 233.3% during the 1st quarter. Clayton Partners LLC now owns 500,000 shares of the Wireless communications provider’s stock worth $341,000 after acquiring an additional 350,000 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of VEON by 145.0% during the second quarter. SG Americas Securities LLC now owns 585,071 shares of the Wireless communications provider’s stock worth $269,000 after purchasing an additional 346,277 shares in the last quarter. Exor Capital LLP boosted its stake in shares of VEON by 13.5% in the second quarter. Exor Capital LLP now owns 120,785,818 shares of the Wireless communications provider’s stock valued at $55,561,000 after purchasing an additional 14,354,043 shares during the period. Solus Alternative Asset Management LP acquired a new stake in VEON during the 2nd quarter valued at $2,939,000. Finally, Monaco Asset Management SAM purchased a new stake in VEON during the 2nd quarter worth $92,000. Hedge funds and other institutional investors own 17.02% of the company’s stock.

About VEON

(Get Rating)

VEON Ltd., through its subsidiaries, provides mobile and fixed-line telecommunications services. It offers voice, data, and other telecommunication services through a range of wireless, fixed, and broadband internet services. The company provides value-added services, including short messages, multimedia messages, caller number identification, call waiting, data transmission, mobile internet, downloadable content, mobile finance, machine-to-machine, and other services; national and international roaming services; wireless internet access; and mobile bundles and call completion services.

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