Media stories about Net Element (NASDAQ:NETE) have been trending somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Net Element earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.3311005751546 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern’s scoring:
Net Element (NASDAQ NETE) opened at 4.62 on Friday. Net Element has a one year low of $2.60 and a one year high of $15.40. The firm’s market cap is $8.78 million. The stock’s 50 day moving average is $5.74 and its 200-day moving average is $6.02.
Net Element (NASDAQ:NETE) last released its quarterly earnings data on Monday, August 14th. The company reported ($0.90) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.90). Net Element had a negative net margin of 17.65% and a negative return on equity of 191.07%. The company had revenue of $16.14 million during the quarter, compared to analyst estimates of $15.10 million. On average, equities research analysts expect that Net Element will post ($0.21) earnings per share for the current fiscal year.
Separately, ValuEngine upgraded shares of Net Element from a “sell” rating to a “hold” rating in a research report on Friday, October 6th.
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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.
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