Net Element Inc. (NETE) Posts Earnings Results
Net Element Inc. (NASDAQ:NETE) released its quarterly earnings results on Monday. The company reported ($0.25) earnings per share for the quarter. The business had revenue of $14.01 million for the quarter, compared to the consensus estimate of $12.68 million. Net Element had a negative net margin of 31.18% and a negative return on equity of 164.66%.
Shares of Net Element (NASDAQ:NETE) opened at 0.9381 on Tuesday. The company’s market cap is $13.14 million. Net Element has a 12-month low of $0.50 and a 12-month high of $4.60. The stock’s 50 day moving average price is $1.11 and its 200-day moving average price is $1.84.
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