Nuvera Communications (OTCMKTS:NUVR) Shares Down 5.8% – Here’s What Happened

Nuvera Communications, Inc. (OTCMKTS:NUVR) dropped 5.8% during trading on Monday . The stock traded as low as $9.80 and last traded at $9.80. Approximately 4,708 shares traded hands during trading, an increase of 104% from the average daily volume of 2,303 shares. The stock had previously closed at $10.40.

Nuvera Communications Stock Performance

The stock has a market capitalization of $50.74 million, a price-to-earnings ratio of -6.36 and a beta of 0.20. The company has a 50 day simple moving average of $10.90 and a 200-day simple moving average of $9.69. The company has a quick ratio of 0.45, a current ratio of 2.33 and a debt-to-equity ratio of 1.40.

Nuvera Communications (OTCMKTS:NUVR) last issued its earnings results on Monday, March 17th. The company reported $0.06 earnings per share (EPS) for the quarter. Nuvera Communications had a negative net margin of 11.65% and a positive return on equity of 1.33%. The business had revenue of $17.50 million for the quarter.

Nuvera Communications Company Profile

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.