Notable Stock to Watch: VEON Ltd. (NASDAQ:VEON)

 VEON Ltd. (NASDAQ:VEON) changed 1.57% to recent value of $2.59. The stock transacted 5130661 shares during most recent day however it has an average volume of 5696.35K shares. It spotted trading -20.92% off 52-week high price. On the other end, the stock has been noted 25.12% away from the low price over the last 52-weeks.

 VEON Ltd. (NASDAQ:VEON)  notified the outcome of the Extraordinary General Meeting of Shareholders of its subsidiary, Global Telecom Holding S.A.E. (GTH), convened on 26 August 2019.

Shareholders of GTH approved the delisting of GTH from the Egyptian Exchange (the EGX). A Delisting Decree is expected to be published by the EGX in due course. 

About VEON

VEON is a NASDAQ and Euronext Amsterdam-listed global provider of connectivity and internet services, headquartered in Amsterdam.  Disclaimer

This release contains forward-looking statements, as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Forward-looking statements are not historical facts, and include statements relating to, among other things, expectations regarding the delisting of GTH. Forward-looking statements are inherently subject to risks and uncertainties, many of which VEON cannot predict with accuracy and some of which VEON might not even anticipate. The forward-looking statements contained in this release speak only as of the date of this release. VEON does not undertake to publicly update, except as required by U.S. federal securities laws, any forward-looking statement to reflect events or circumstances after such dates or to reflect the occurrence of unanticipated events. Furthermore, elements of this release contain, or may contain, inside information as defined under the Market Abuse Regulation (EU) No. 596/2014.

 VEON has a gross margin of 77.10% and an operating margin of 11.60% while its profit margin remained 15.70% for the last 12 months. Its earnings per share (EPS) expected to touch remained -245.20% for this year.

 The company has 1870.63M of outstanding shares and 1756.73M shares were floated in the market. According to the most recent quarter its current ratio was 0.6 that represents company’s ability to meet its current financial obligations. The price moved ahead of -7.04% from the mean of 20 days, -9.82% from mean of 50 days SMA and performed 1.15% from mean of 200 days price. Company’s performance for the week was -3.36%, -16.99% for month and YTD performance remained 10.68%.

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