Net Element International (NETE) Rating Lowered to Sell at ValuEngine

ValuEngine lowered shares of Net Element International (NASDAQ:NETE) from a hold rating to a sell rating in a research report sent to investors on Friday.

Net Element International (NETE) traded up $0.04 during trading hours on Friday, hitting $4.28. The stock had a trading volume of 98,500 shares, compared to its average volume of 115,399. Net Element International has a 12 month low of $2.60 and a 12 month 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 International (NASDAQ:NETE) last released its quarterly earnings results on Tuesday, November 14th. The company reported ($0.90) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.56) by ($0.34). Net Element International had a negative return on equity of 205.76% and a negative net margin of 14.44%. The business had revenue of $14.90 million during the quarter, compared to the consensus estimate of $16.60 million. sell-side analysts predict that Net Element International will post -3.59 earnings per share for the current year.

An institutional investor recently raised its position in Net Element International stock. Vanguard Group Inc. lifted its holdings in Net Element International Inc (NASDAQ:NETE) by 1.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 187,898 shares of the company’s stock after purchasing an additional 3,332 shares during the quarter. Vanguard Group Inc. owned 1.07% of Net Element International worth $123,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 30.62% of the company’s stock.

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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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