NII (NASDAQ:NIHD) released its earnings results on Thursday. The Wireless communications provider reported ($0.50) EPS for the quarter, MarketWatch Earnings reports. The company had revenue of $141.70 million for the quarter.
NIHD traded up $0.49 during trading on Friday, reaching $7.99. 7,526,700 shares of the company’s stock were exchanged, compared to its average volume of 1,831,509. NII has a 1 year low of $0.22 and a 1 year high of $8.51.
In other NII news, VP Timothy M. Mulieri sold 37,374 shares of the firm’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $5.82, for a total transaction of $217,516.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.30% of the company’s stock.
NIHD has been the subject of a number of recent research reports. BidaskClub raised shares of NII from a “hold” rating to a “buy” rating in a research report on Saturday, September 1st. ValuEngine raised shares of NII from a “hold” rating to a “buy” rating in a research report on Tuesday, July 24th.
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NII Holdings, Inc, through its subsidiaries, provides wireless communication services to the individual consumers under the Nextel brand in Brazil. The company offers its services through wideband code division multiple access and long-term evolution networks. Its services include mobile telephone voice and wireless data, international voice and data roaming, and application-based radio connection services.
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