Net Element International (NASDAQ:NETE) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.
Net Element International (NASDAQ:NETE) traded down $0.56 during mid-day trading on Wednesday, hitting $12.05. 467,300 shares of the company’s stock were exchanged, compared to its average volume of 1,712,167. Net Element International has a 12-month low of $2.60 and a 12-month high of $33.51. The stock has a market capitalization of $42.28, a PE ratio of -2.44 and a beta of 0.97. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.61 and a quick ratio of 0.61.
Net Element International (NASDAQ:NETE) last released its quarterly earnings data on Tuesday, November 14th. The company reported ($0.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.34). Net Element International had a negative net margin of 14.44% and a negative return on equity of 205.76%. The firm had revenue of $14.90 million during the quarter, compared to analysts’ expectations of $16.60 million. research analysts expect that Net Element International will post -3.59 EPS for the current fiscal year.
Net Element International 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.
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