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

VEON Ltd. (NASDAQ:VEON - Get Free Report)'s share price gapped down before the market opened 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 changing hands.

Wall Street Analyst Weigh In

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

VEON Trading Down 1.8 %

The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a 50-day moving average of $24.23 and a 200 day moving average of $21.28.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of VEON. Shah Capital Management purchased a new position in shares of VEON during the 4th quarter worth $97,544,000. Barclays PLC lifted its stake in VEON by 37.0% during the third quarter. Barclays PLC now owns 5,920 shares of the Wireless communications provider's stock worth $115,000 after purchasing an additional 1,600 shares in the last quarter. Monaco Asset Management SAM acquired a new position in VEON during the third quarter worth $195,000. Helikon Investments Ltd lifted its stake in VEON by 30.4% during the first quarter. Helikon Investments Ltd now owns 2,533,075 shares of the Wireless communications provider's stock worth $60,819,000 after purchasing an additional 591,060 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in VEON by 8.9% during the fourth quarter. Wellington Management Group LLP now owns 540,347 shares of the Wireless communications provider's stock worth $10,645,000 after purchasing an additional 44,013 shares in the last quarter. Institutional investors and hedge funds own 21.30% of the company's stock.

About VEON

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.