Net Element International (NASDAQ:NETE) Upgraded by ValuEngine to “Hold”
Net Element International (NASDAQ:NETE) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday, January 3rd.
Shares of Net Element International (NASDAQ NETE) traded up $0.30 during mid-day trading on Wednesday, reaching $7.57. The company’s stock had a trading volume of 715,893 shares, compared to its average volume of 524,134. Net Element International has a fifty-two week low of $2.60 and a fifty-two week high of $33.51. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.61 and a current ratio of 0.61. The stock has a market capitalization of $30.05, a P/E ratio of -1.49 and a beta of 0.97.
Net Element International (NASDAQ:NETE) last issued its quarterly earnings data on Tuesday, November 14th. The company reported ($0.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.34). Net Element International had a negative net margin of 14.44% and a negative return on equity of 205.76%. The company had revenue of $14.90 million for the quarter, compared to analysts’ expectations of $16.60 million. equities research analysts expect that Net Element International will post -3.59 earnings per share for the current fiscal year.
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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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