Quelle: www.americanbankingnews.com/2017/09/29/...-earnings-nete.html
Net Element, Inc. (NASDAQ:NETE) Equities research analysts at Seethru Equity issued their FY2017 earnings estimates for shares of Net Element in a report issued on Tuesday. Seethru Equity analyst A. Tandon forecasts that the company will post earnings of ($0.47) per share for the year.
Net Element (NASDAQ:NETE) last posted its quarterly earnings data on Monday, August 14th. The company reported ($0.09) EPS for the quarter, meeting analysts consensus estimates of ($0.09). The company had revenue of $16.14 million during the quarter, compared to analysts expectations of $15.10 million. Net Element had a negative return on equity of 191.07% and a negative net margin of 17.65%.
Shares of Net Element (NETE) opened at 0.80 on Friday. The companys 50-day moving average price is $0.37 and its 200-day moving average price is $0.65. The stocks market cap is $15.20 million. Net Element has a 52-week low of $0.26 and a 52-week high of $1.54.
A hedge fund recently raised its stake in Net Element stock. Vanguard Group Inc. increased its position in Net Element, Inc. (NASDAQ:NETE) by 1.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 187,898 shares of the companys stock after acquiring an additional 3,332 shares during the period. Vanguard Group Inc. owned approximately 1.07% of Net Element worth $123,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 2.38% of the stock is currently owned by institutional investors.