usell.com Inc. (OTCMKTS:USEL) major shareholder Piton Capital Partners Llc purchased 2,000,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was acquired at an average price of $0.50 per share, with a total value of $1,000,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
usell.com Inc. (OTCMKTS:USEL) traded down $0.19 during trading on Wednesday, reaching $0.36. The company’s stock had a trading volume of 127 shares, compared to its average volume of 2,343. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.06 and a quick ratio of 0.75. usell.com Inc. has a 52 week low of $0.26 and a 52 week high of $0.88.
Separately, ValuEngine cut usell.com from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th.
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uSell.com, Inc (uSell) is a technology-based company. The Company focuses on extracting the value from used mobile devices. It acquires products from both individual consumers, on its Website, uSell.com, and from carriers, retailers and manufacturers through its subsidiary, We Sell Cellular, LLC. These devices are then distributed across the world, which leverages an online marketplace where professional buyers of used smartphones compete to buy inventory in an on-demand fashion.
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