NII Holdings Inc. (NIHD) Plunges 7.63% on March 13

NII Holdings Inc. (NIHD) Plunges 7.63% on March 13

NII Holdings Inc. (NIHD) had a rough trading day for Wednesday March 13 as shares tumbled 7.63%, or a loss of $-0.28 per share, to close at $3.39. After opening the day at $3.67, shares of NII Holdings Inc. traded as high as $3.70 and as low as $3.33. Volume was 1.14 million shares over 6,883 trades, against an average daily volume of n/a shares and a total float of 100.87 million.

As a result of the decline, NII Holdings Inc. now has a market cap of $341.96 million. In the last year, shares of NII Holdings Inc. have traded between a range of $8.51 and $1.53, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.

NII Holdings was incorporated in Virginia but conducts all of its business in Latin America. The firm provides a push-to-talk wireless service, using technology licensed from Motorola, in four countries. It has more than 2.5 million customers in total throughout Brazil, Chile, and Argentina. The firm mainly offers 3G/4G wireless services in all these regions.

NII Holdings Inc. is based out of Reston, VA and has some 2,288 employees.

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