Net Element (NASDAQ:NETE) Posts Earnings Results, Beats Expectations By $0.15 EPS

Net Element (NASDAQ:NETE) announced its earnings results on Tuesday. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates 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.

Shares of NASDAQ:NETE opened at $11.53 on Friday. The company has a 50-day simple moving average of $12.17 and a 200-day simple moving average of $10.69. Net Element has a one year low of $1.47 and a one year high of $20.08. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.46.

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About Net Element

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.

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