ValuEngine cut shares of Net Element (NASDAQ:NETE) from a hold rating to a sell rating in a report published on Friday.
Net Element (NASDAQ:NETE) traded down $0.08 during mid-day trading on Friday, reaching $4.24. The company’s stock had a trading volume of 24,700 shares, compared to its average volume of 115,472. Net Element has a 1 year low of $2.60 and a 1 year high of $15.40. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 3.47.
Net Element (NASDAQ:NETE) last posted its quarterly earnings results on Tuesday, November 14th. The company reported ($0.90) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.56) by ($0.34). Net Element 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 for the quarter, compared to analysts’ expectations of $16.60 million. research analysts anticipate that Net Element will post -3.59 earnings per share for the current year.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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