VEON (NASDAQ:VEON) Shares Gap Down to $17.91

VEON Ltd. (NASDAQ:VEON – Get Rating) shares gapped down prior to trading on Wednesday . The stock had previously closed at $17.91, but opened at $16.56. VEON shares last traded at $17.00, with a volume of 29,437 shares.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of VEON in a report on Monday, January 16th. They issued a “strong-buy” rating for the company.

VEON Stock Down 6.0 %

The company’s fifty day simple moving average is $15.01 and its 200 day simple moving average is $12.12. The company has a quick ratio of 0.60, a current ratio of 0.62 and a debt-to-equity ratio of 6.04.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. DRW Securities LLC bought a new position in VEON in the 4th quarter valued at $59,000. Exor Capital LLP raised its position in shares of VEON by 8.5% during the 4th quarter. Exor Capital LLP now owns 131,068,288 shares of the Wireless communications provider’s stock valued at $237,757,000 after buying an additional 10,282,470 shares in the last quarter. Jane Street Group LLC raised its position in shares of VEON by 300.2% during the 4th quarter. Jane Street Group LLC now owns 83,495 shares of the Wireless communications provider’s stock valued at $41,000 after buying an additional 62,633 shares in the last quarter. Deutsche Bank AG raised its position in shares of VEON by 6.6% during the 4th quarter. Deutsche Bank AG now owns 2,018,000 shares of the Wireless communications provider’s stock valued at $989,000 after buying an additional 125,000 shares in the last quarter. Finally, Gabelli Funds LLC raised its position in shares of VEON by 1.2% during the 4th quarter. Gabelli Funds LLC now owns 3,542,972 shares of the Wireless communications provider’s stock valued at $1,736,000 after buying an additional 40,777 shares in the last quarter. 16.75% of the stock is owned by institutional investors.

VEON Company Profile

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VEON Ltd. is a holding company, which engages in the provision of connectivity and internet services. It operates through the following segments: Cornerstone Market, Growth Engine, and Frontier Market. The Cornerstone segment includes operations in Russia. The Growth Engines segment comprises businesses in Pakistan, Ukraine, Kazakhstan, and Uzbekistan.