Nuvera Communications (OTCMKTS:NUVR) Trading Down 0.5% – Here’s Why

Shares of Nuvera Communications, Inc. (OTCMKTS:NUVR) dropped 0.5% during mid-day trading on Wednesday . The company traded as low as $16.78 and last traded at $17.16. 1,250 shares traded hands during mid-day trading, a decline of 27% from the average session volume of 1,712 shares. The stock had previously closed at $17.25.

Nuvera Communications Price Performance

The company has a market capitalization of $88.03 million, a price-to-earnings ratio of 84.00 and a beta of 0.14. The company has a current ratio of 1.90, a quick ratio of 0.54 and a debt-to-equity ratio of 1.47. The company’s 50 day simple moving average is $17.26 and its 200-day simple moving average is $16.32.

Nuvera Communications (OTCMKTS:NUVR) last posted its quarterly earnings data on Friday, August 14th. The company reported ($0.03) earnings per share (EPS) for the quarter. The business had revenue of $17.66 million for the quarter. Nuvera Communications had a return on equity of 1.19% and a net margin of 1.58%.

Nuvera Communications Company Profile

Nuvera Communications, Inc is a telecommunications company that provides communications and technology services to residential, business, and institutional customers. Its offerings include broadband internet, voice and telephone services, digital television, wireless connectivity, and related technology solutions.

The company also provides business-focused services such as managed information technology, network connectivity, hosted communications, data transport, and security solutions.