Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Net Element (NETE) Stock Price

Media headlines about Net Element (NASDAQ:NETE) have been trending somewhat positive on Wednesday, according to Accern. Accern ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Net Element earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.05652999843 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Net Element (NASDAQ:NETE) last issued its quarterly earnings data on Monday, August 14th. The company reported ($0.90) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate 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 net margin of 17.65% and a negative return on equity of 191.07%.

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

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Net Element 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.

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