Shares of Net Element Inc (NASDAQ:NETE) saw unusually-high trading volume on Tuesday . Approximately 3,470,707 shares were traded during trading, an increase of 1,633% from the previous session’s volume of 200,267 shares.The stock last traded at $4.78 and had previously closed at $4.40.
Separately, ValuEngine upgraded Net Element from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 22nd.
The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.95. The firm has a market cap of $19.44 million, a P/E ratio of -4.27 and a beta of 1.28. The company has a fifty day moving average price of $3.82 and a two-hundred day moving average price of $4.93.
About Net Element (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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