Net Element International (NETE) Upgraded by ValuEngine to “Hold”

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

Shares of Net Element International (NASDAQ:NETE) opened at $13.50 on Friday. Net Element International has a 12 month low of $2.56 and a 12 month high of $33.51. The firm has a market capitalization of $39.74, a price-to-earnings ratio of -2.73 and a beta of 1.05. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 3.47.

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A hedge fund recently raised its stake in Net Element International stock. Jane Street Group LLC boosted its position in Net Element International Inc (NASDAQ:NETE) by 92.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,575 shares of the company’s stock after acquiring an additional 12,293 shares during the period. Jane Street Group LLC owned 0.66% of Net Element International worth $285,000 at the end of the most recent quarter. Institutional investors own 3.71% 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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