NII Holdings Inc. (NIHD) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the technology sector during morning trading on September 22. At the lunch break, shares of NIHD have risen 3.08% to $3.35 after closing the day prior at $3.25. In the first two and a half hours of trading, the stock has gone as high as $3.37 and as low as $3.07. Today’s rise has come with about 289,576 shares changing hands, compared to an average 30-day volume of 1.14 million for NII Holdings Inc.. The price is currently below the 30-day volume weighted average price of $3.26 for NIHD.
The share appreciation gives the company a market capitalization of $327.69 million based upon 100.83 million shares outstanding. It also means that NIHD has a price-to-book ratio of 0.19:1.
In the past 52 weeks, shares of NIHD have traded as low as $2.05 and as high as $9.2. Technical traders will take note that at $3.35, shares of NIHD are trading below their 200-day MA at $3.96 and above their 50-day MA at $2.89. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is NIHD?
NII Holdings Inc provides wireless communication services under the Nextel brand. The Company's services include mobile telephone voice service, push-to-talk services, wireless data services, business solutions and voice and data roaming services. The company’s 2875 employees are led by CEO Steven M. Shindler from the corporate headquarters at 1875 Explorer Street in Reston, VA.
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