Net Element (NETE) Earning Favorable Press Coverage, Study Finds

News stories about Net Element (NASDAQ:NETE) have been trending positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Net Element earned a news sentiment score of 0.26 on Accern’s scale. Accern also assigned news stories about the company an impact score of 44.4993744671442 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:

Net Element (NASDAQ:NETE) traded up 2.68% during midday trading on Tuesday, reaching $0.28. The company had a trading volume of 210,687 shares. The stock has a 50-day moving average price of $0.36 and a 200 day moving average price of $0.66. The company’s market capitalization is $5.32 million. Net Element has a 12-month low of $0.26 and a 12-month high of $1.79.

Net Element (NASDAQ:NETE) last announced its earnings results on Monday, August 14th. The company reported ($0.09) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.09). The business had revenue of $16.14 million during the quarter, compared to analyst estimates of $15.10 million. Net Element had a negative return on equity of 191.07% and a negative net margin of 17.65%. Equities analysts forecast that Net Element will post ($0.21) EPS for the current year.

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Net Element Company Profile

Net Element, Inc operates as a financial technology and value-added solutions company worldwide. It operates in three segments: North America Transaction Solutions, Mobile Solutions, and Online Solutions. The North America Transaction Solutions segment provides technology and services that businesses require to accept cashless transaction for retail card-present, e-commerce, or card-not-present mail order/telephone order transactions; and Aptito, a cloud-based point of sale (POS) platform, which includes hospitality, mobile POS, and small to medium sized business retail POS applications, as well as offers mobile payment and merchant back office reporting services, and merchant performance analytical tools.

Insider Buying and Selling by Quarter for Net Element (NASDAQ:NETE)

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