Headlines about Net Element (NASDAQ:NETE) have been trending somewhat positive on Friday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Net Element earned a news impact score of 0.11 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.4948403059303 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Separately, ValuEngine upgraded shares of Net Element from a “sell” rating to a “hold” rating in a research note on Friday, October 6th.
Net Element (NASDAQ:NETE) opened at $3.92 on Friday. 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 quick ratio of 0.61 and a current ratio of 0.61.
Net Element (NASDAQ:NETE) last posted its quarterly earnings data on Tuesday, November 14th. The company reported ($0.90) earnings per share for the quarter, missing the consensus estimate of ($0.56) by ($0.34). The company had revenue of $14.90 million during the quarter, compared to analyst estimates of $16.60 million. Net Element had a negative return on equity of 205.76% and a negative net margin of 14.44%. equities analysts forecast that Net Element will post -3.78 earnings per share for the current fiscal year.
About Net Element
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.