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

VEON Ltd. (NASDAQ:VEON)’s share price 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 traded.

Wall Street Analysts Forecast Growth

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

VEON Trading Down 1.8 %

The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 2.55. The firm’s fifty day moving average is $24.26 and its 200 day moving average is $21.22.

Institutional Trading of VEON

Several hedge funds have recently modified their holdings of VEON. National Bank of Canada FI bought a new stake in VEON in the 4th quarter valued at $50,000. Barclays PLC raised its position in VEON by 37.0% in the 3rd quarter. Barclays PLC now owns 5,920 shares of the Wireless communications provider’s stock valued at $115,000 after buying an additional 1,600 shares during the last quarter. Monaco Asset Management SAM bought a new stake in VEON in the 3rd quarter valued at approximately $195,000. Gabelli Funds LLC boosted its position in VEON by 10.1% during the 4th 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 during the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of 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 acquiring an additional 44,013 shares in the last quarter. 21.30% of the stock is 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.