Inc. (OTCMKTS:USEL) Major Shareholder Purchases $1,000,000.00 in Stock 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. 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. Inc. has a 52 week low of $0.26 and a 52 week high of $0.88.

Separately, ValuEngine cut from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th.

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