OI (OTCMKTS:OIBRQ) Shares Down 39.5% – Should You Sell?

Oi S.A. (OTCMKTS:OIBRQGet Free Report) was down 39.5% during trading on Friday . The stock traded as low as $1.00 and last traded at $1.00. Approximately 479 shares traded hands during mid-day trading, an increase of 118% from the average daily volume of 220 shares. The stock had previously closed at $1.6537.

OI Stock Performance

The company has a market cap of $157.73 million, a price-to-earnings ratio of -8.33 and a beta of -16.94. The firm has a fifty day moving average price of $1.56 and a 200 day moving average price of $0.61.

About OI

(Get Free Report)

Oi SA, together with its subsidiaries, provides telecommunication services in Brazil and internationally. The company offers fixed telephony services; domestic and international long-distance services; and maintenance and repair services. It also provides call center and telemarketing, Internet, network, and Wi-Fi Internet services; and financial, and payment and credit system services, as well as consulting services.

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