ValuEngine cut shares of Inc. (OTCMKTS:USEL) from a sell rating to a strong sell rating in a research note published on Thursday morning.

Shares of (USEL) opened at 0.59 on Thursday. has a 12 month low of $0.43 and a 12 month high of $1.00. The firm’s market cap is $11.89 million. The stock’s 50 day moving average price is $0.68 and its 200-day moving average price is $0.71. (OTCMKTS:USEL) last announced its quarterly earnings results on Thursday, August 10th. The technology company reported ($0.06) earnings per share for the quarter. The firm had revenue of $24.64 million for the quarter. had a negative return on equity of 28.11% and a negative net margin of 3.53%. Equities research analysts anticipate that will post ($0.41) earnings per share for the current fiscal year.

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In related news, major shareholder Piton Capital Partners Llc acquired 1,358,837 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The shares were acquired at an average cost of $1.00 per share, with a total value of $1,358,837.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Scott Tepfer sold 679,418 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $1.00, for a total transaction of $679,418.00. Following the completion of the sale, the insider now directly owns 3,503,000 shares in the company, valued at $3,503,000. The disclosure for this sale can be found here. Company insiders own 21.50% of the company’s stock. Company Profile, Inc (uSell) is a technology-based company. The Company focuses on extracting the value from used mobile devices. It acquires products from both individual consumers, on its Website,, and from carriers, retailers and manufacturers through its subsidiary, We Sell Cellular, LLC. These devices are then distributed across the world, which leverages an online marketplace where professional buyers of used smartphones compete to buy inventory in an on-demand fashion.

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