Shares of NII Holdings (Nasdaq:NIHD) were gapping down Wednesday morning with an open price 10.5% lower than Tuesday's closing price. The stock closed at $7.07 yesterday and opened today's trading at $6.33.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Shares of NII Holdings (Nasdaq: NIHD) were gapping down Wednesday morning with an open price 10.5% lower than Tuesday's closing price. The stock closed at $7.07 Tuesday and opened today's trading at $6.33.
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The average volume for NII has been 5.1 million shares per day over the past 30 days. NII has a market cap of $1.27 billion and is part of the technology sector and telecommunications industry. Shares are down 66.8% year to date as of the close of trading on Tuesday. NII Holdings, Inc., through its subsidiaries, provides wireless communication services under the Nextel brand name to businesses and individuals in Mexico, Brazil, Argentina, Peru, and Chile. The company has a P/E ratio of -11.2, below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates NII as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and generally high debt management risk. You can view the full NII Ratings Report. Get more investment ideas from our investment research center. FREE for a limited time only: Get TheStreet Ratings #1 Stock Report NOW!.