Net Element Inc (NASDAQ:NETE)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $4.16 and traded as high as $5.47. Net Element shares last traded at $5.28, with a volume of 3,400 shares changing hands.
Separately, ValuEngine lowered shares of Net Element from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th.
The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.95. The business’s 50-day moving average is $4.19 and its two-hundred day moving average is $4.86. The company has a market capitalization of $21.92 million, a P/E ratio of -4.87 and a beta of 1.30.
An institutional investor recently raised its position in Net Element stock. Vanguard Group Inc. boosted its stake in Net Element Inc (NASDAQ:NETE) by 9.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 168,041 shares of the company’s stock after acquiring an additional 14,434 shares during the period. Vanguard Group Inc. owned 4.08% of Net Element worth $768,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 6.36% of the company’s stock.
Net Element Company Profile (NASDAQ:NETE)
Net Element, Inc operates as a financial technology and value-added solutions company. It operates in two segments, North American Transaction Solutions, and International Transaction Solutions. The company offers a range of payment acceptance and processing services that enable merchants of various sizes to accept and process approximately 100 payment options, including credit, debit, prepaid, and alternative payments; and value-added services and technologies, such as integrated payment technologies, point-of-sale solutions (POS), security solutions, fraud management, information solutions, and analytical tools.
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