Net Element (NASDAQ:NETE) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a report released on Friday.
Shares of Net Element (NASDAQ NETE) traded down $0.08 on Friday, reaching $4.24. 24,736 shares of the company’s stock traded hands, compared to its average volume of 134,674. Net Element has a 1-year low of $2.60 and a 1-year high of $15.40. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.61 and a quick ratio of 0.61.
Net Element (NASDAQ:NETE) last announced its quarterly earnings data on Tuesday, November 14th. The company reported ($0.90) EPS for the quarter, missing the 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 analyst estimates of $16.60 million. sell-side analysts anticipate that Net Element will post -3.59 earnings per share for the current fiscal 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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