Net Element International (NETE) Trading Down 1.3%

Net Element International Inc (NASDAQ:NETE) fell 1.3% during trading on Tuesday . The stock traded as low as $8.50 and last traded at $9.01. 330,434 shares were traded during mid-day trading, a decline of 63% from the average session volume of 898,165 shares. The stock had previously closed at $8.89.

Separately, ValuEngine downgraded Net Element International from a “hold” rating to a “sell” rating in a report on Friday, February 2nd.

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The firm has a market cap of $36.65, a PE ratio of -1.79 and a beta of 0.87. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.34.

A hedge fund recently raised its stake in Net Element International stock. Jane Street Group LLC increased its holdings in shares of Net Element International Inc (NASDAQ:NETE) by 92.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,575 shares of the company’s stock after purchasing an additional 12,293 shares during the quarter. Jane Street Group LLC owned 0.66% of Net Element International worth $285,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 3.71% of the company’s stock.

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About Net Element International

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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