Net Element (NASDAQ:NETE) Posts Earnings Results

Net Element (NASDAQ:NETE) posted its quarterly earnings data on Tuesday. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.15, Fidelity Earnings reports. Net Element had a negative net margin of 10.82% and a negative return on equity of 186.39%. The business had revenue of $19.42 million during the quarter, compared to analysts’ expectations of $16.70 million.

NASDAQ NETE traded up $0.61 on Thursday, reaching $11.53. 212,290 shares of the stock traded hands, compared to its average volume of 731,031. Net Element has a 12 month low of $1.47 and a 12 month high of $20.08. The firm’s fifty day simple moving average is $12.24 and its 200 day simple moving average is $10.66. The company has a debt-to-equity ratio of 3.46, a quick ratio of 1.02 and a current ratio of 1.02.

Net Element Company Profile

Net Element, Inc operates as a financial technology and value-added solutions company in North America, Russia, and the Commonwealth of Independent States. It operates in two segments, North American Transaction Solutions and International Transaction Solutions. The company offers a range of payment acceptance and transaction processing services that enable merchants of various sizes to accept and process approximately 100 payment options, including credit, debit, prepaid, and alternative payments; and value-added services and technologies, such as integrated payment technologies, point-of-sale solutions (POS), fraud management solutions, information solutions, and analytical tools.

Further Reading: What is quantitative easing?

Earnings History for Net Element (NASDAQ:NETE)

Receive News & Ratings for Net Element Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Net Element and related companies with MarketBeat.com's FREE daily email newsletter.