Net Element International (NASDAQ:NETE) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Friday.
Net Element International (NETE) opened at $7.75 on Friday. Net Element International has a 12 month low of $2.60 and a 12 month high of $33.51. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.61 and a quick ratio of 0.61.
An institutional investor recently raised its position in Net Element International stock. Vanguard Group Inc. boosted its holdings in Net Element International Inc (NASDAQ:NETE) by 1.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 187,898 shares of the company’s stock after purchasing an additional 3,332 shares during the quarter. Vanguard Group Inc. owned approximately 1.07% of Net Element International worth $123,000 as of its most recent filing with the Securities and Exchange Commission. 3.71% of the stock is owned by institutional investors.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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