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Nuvera Communications (OTCMKTS:NUVR) Stock Price Down 1.9% - Here's Why

Nuvera Communications logo with Computer and Technology background

Shares of Nuvera Communications, Inc. (OTCMKTS:NUVR - Get Free Report) dropped 1.9% during trading on Wednesday . The stock traded as low as $9.81 and last traded at $9.81. Approximately 710 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 1,934 shares. The stock had previously closed at $10.00.

Nuvera Communications Trading Down 1.9%

The company has a debt-to-equity ratio of 1.40, a current ratio of 2.33 and a quick ratio of 0.45. The business's 50-day moving average is $10.35 and its 200 day moving average is $10.06. The firm has a market capitalization of $50.80 million, a P/E ratio of -6.37 and a beta of 0.03.

Nuvera Communications (OTCMKTS:NUVR - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported $0.19 earnings per share for the quarter. The company had revenue of $17.88 million during the quarter. Nuvera Communications had a negative net margin of 11.65% and a positive return on equity of 1.33%.

Nuvera Communications Company Profile

(Get Free Report)

Nuvera Communications, Inc operates as a diversified communications company in the United States. The company offers broadband Internet access and voice over Internet protocol (VoIP) phone services; voice services to make and receive telephone calls within a defined local calling area; and network access services to other communication carriers for the use of its facilities to terminate or originate long distance calls on its fiber network.

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