Nuvera Communications (OTCMKTS:NUVR) Trading Down 5.8% – Here’s Why

Nuvera Communications, Inc. (OTCMKTS:NUVR)’s stock price fell 5.8% during mid-day trading on Tuesday . The company traded as low as $8.31 and last traded at $9.00. 13,010 shares were traded during mid-day trading, an increase of 404% from the average session volume of 2,583 shares. The stock had previously closed at $9.55.

Nuvera Communications Price Performance

The company has a 50-day moving average of $8.89 and a 200 day moving average of $8.40. The company has a quick ratio of 0.45, a current ratio of 2.33 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $51.54 million, a PE ratio of -6.46 and a beta of 0.28.

About Nuvera Communications

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.