Net Element, Inc. (NETE)

[overlordpeter]

Net Element, Inc. (NETE)

Net Element Inc. (NASDAQ:NETE) posted its quarterly earnings results on Monday. The company reported ($0.25) earnings per share for the quarter. The company had revenue of $14.01 million for the quarter. Net Element had a negative return on equity of 164.66% and a negative net margin of 31.18%.

Net Element (NASDAQ:NETE) traded down 10.273% during trading on Monday, reaching $0.987. 289,668 shares of the company’s stock were exchanged. Net Element has a 52 week low of $0.50 and a 52 week high of $4.60. The company’s 50 day moving average price is $1.12 and its 200-day moving average price is $1.88. The stock’s market capitalization is $13.82 million.