Ingalls & Snyder LLC Has $138,000 Stake in NII Holdings, Inc. (NIHD)
Ingalls & Snyder LLC held its position in shares of NII Holdings, Inc. (NASDAQ:NIHD) during the second quarter, Holdings Channel reports. The fund owned 171,300 shares of the Wireless communications provider’s stock at the end of the second quarter. Ingalls & Snyder LLC’s holdings in NII Holdings were worth $138,000 as of its most recent SEC filing.
NII Holdings, Inc. (NIHD) opened at 0.6147 on Thursday. NII Holdings, Inc. has a one year low of $0.36 and a one year high of $3.63. The stock’s 50 day moving average price is $0.62 and its 200 day moving average price is $1.15. The company’s market capitalization is $61.82 million.
NII Holdings (NASDAQ:NIHD) last issued its quarterly earnings data on Wednesday, May 10th. The Wireless communications provider reported ($0.27) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.28. NII Holdings had a negative return on equity of 30.56% and a negative net margin of 159.96%. The firm had revenue of $251 million during the quarter. During the same quarter last year, the company earned ($0.37) earnings per share. Equities analysts anticipate that NII Holdings, Inc. will post ($1.17) EPS for the current fiscal year.
Separately, Zacks Investment Research downgraded NII Holdings from a “hold” rating to a “sell” rating in a report on Friday, May 12th.
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