Somewhat Positive Media Coverage Somewhat Unlikely to Impact Net Element (NETE) Stock Price

Headlines about Net Element (NASDAQ:NETE) have been trending somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Net Element earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.4948403059303 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Net Element (NETE) opened at $4.05 on Wednesday. Net Element has a twelve month low of $2.60 and a twelve month high of $15.40. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 3.17.

Net Element (NASDAQ:NETE) last posted its quarterly earnings results on Monday, August 14th. The company reported ($0.90) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.90). The company had revenue of $16.14 million for the quarter, compared to analyst estimates of $15.10 million. Net Element had a negative return on equity of 191.07% and a negative net margin of 17.65%. research analysts anticipate that Net Element will post -3.65 earnings per share for the current fiscal year.

Separately, ValuEngine upgraded Net Element from a “sell” rating to a “hold” rating in a report on Friday, October 6th.

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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.

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