Net Element International (NASDAQ:NETE) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Friday.
NETE stock opened at $7.33 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 3.47. The stock has a market capitalization of $34.26, a P/E ratio of -1.45 and a beta of 0.88. Net Element International has a 1-year low of $2.60 and a 1-year high of $33.51.
An institutional investor recently raised its position in Net Element International stock. Vanguard Group Inc. lifted its position in Net Element International Inc (NASDAQ:NETE) by 1.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 187,898 shares of the company’s stock after acquiring an additional 3,332 shares during the quarter. Vanguard Group Inc. owned 1.07% of Net Element International worth $123,000 as of its most recent SEC filing. Institutional investors and hedge funds own 3.71% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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