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

Shares of usell.com (USEL) opened at 0.59 on Thursday. usell.com 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.

usell.com (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. usell.com had a negative return on equity of 28.11% and a negative net margin of 3.53%. Equities research analysts anticipate that usell.com will post ($0.41) earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “ValuEngine Lowers usell.com Inc. (USEL) to Strong Sell” was first published by Daily Political and is owned by of Daily Political. If you are reading this story on another site, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The legal version of this story can be viewed at https://www.dailypolitical.com/2017/08/20/valuengine-lowers-usell-com-inc-usel-to-strong-sell.html.

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.

usell.com Company Profile

uSell.com, 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, uSell.com, 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for usell.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for usell.com Inc. and related companies with MarketBeat.com's FREE daily email newsletter.