Nuvera Communications (OTCMKTS:NUVR) Shares Down 5.8% – Here’s What Happened

Nuvera Communications, Inc. (OTCMKTS:NUVR)’s stock price dropped 5.8% during mid-day trading on Monday . The stock traded as low as $9.80 and last traded at $9.80. Approximately 4,708 shares traded hands during trading, an increase of 104% from the average daily volume of 2,303 shares. The stock had previously closed at $10.40.

Nuvera Communications Stock Down 5.8 %

The company has a current ratio of 2.33, a quick ratio of 0.45 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $50.74 million, a P/E ratio of -6.36 and a beta of 0.20. The stock has a 50 day moving average price of $10.90 and a 200 day moving average price of $9.69.

Nuvera Communications (OTCMKTS:NUVR) last posted its earnings results on Monday, March 17th. The company reported $0.06 EPS for the quarter. Nuvera Communications had a positive return on equity of 1.33% and a negative net margin of 11.65%. The firm had revenue of $17.50 million during the quarter.

About Nuvera Communications

Nuvera Communications, Inc operates as a diversified communications company in the United States. The company offers broadband Internet access and voice over Internet protocol (VoIP) phone services; voice services to make and receive telephone calls within a defined local calling area; and network access services to other communication carriers for the use of its facilities to terminate or originate long distance calls on its fiber network.