NetSol Technologies (NASDAQ:NTWK) Stock Price Crosses Above 50-Day Moving Average of $5.81

NetSol Technologies Inc. (NASDAQ:NTWK)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $5.81 and traded as high as $5.81. NetSol Technologies shares last traded at $5.81, with a volume of 1,928 shares changing hands.

A number of equities analysts have issued reports on the company. TheStreet cut Tribune Publishing from a “c-” rating to a “d+” rating in a report on Monday, May 20th. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd.

The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 0.01. The company has a market cap of $67.69 million, a PE ratio of 15.26 and a beta of 0.53. The business has a fifty day moving average price of $5.81.

NetSol Technologies (NASDAQ:NTWK) last issued its earnings results on Tuesday, May 14th. The software maker reported $0.11 earnings per share (EPS) for the quarter. NetSol Technologies had a return on equity of 8.82% and a net margin of 9.33%. The firm had revenue of $17.13 million for the quarter. Equities analysts expect that NetSol Technologies Inc. will post 0.6 EPS for the current year.

In related news, Director Naeem Ghauri bought 5,000 shares of NetSol Technologies stock in a transaction on Wednesday, May 29th. The shares were purchased at an average price of $5.41 per share, for a total transaction of $27,050.00. Following the completion of the acquisition, the director now owns 487,890 shares in the company, valued at $2,639,484.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 14.28% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of NTWK. Two Sigma Advisers LP bought a new position in NetSol Technologies during the fourth quarter worth about $69,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of NetSol Technologies by 96.3% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 27,525 shares of the software maker’s stock valued at $179,000 after purchasing an additional 13,500 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of NetSol Technologies by 32.2% during the 4th quarter. Northern Trust Corp now owns 29,376 shares of the software maker’s stock valued at $181,000 after purchasing an additional 7,148 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in shares of NetSol Technologies by 37.2% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 46,574 shares of the software maker’s stock valued at $303,000 after purchasing an additional 12,638 shares in the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of NetSol Technologies by 692.5% during the 1st quarter. Marshall Wace LLP now owns 50,340 shares of the software maker’s stock valued at $328,000 after purchasing an additional 43,988 shares in the last quarter. Hedge funds and other institutional investors own 30.93% of the company’s stock.

NetSol Technologies Company Profile (NASDAQ:NTWK)

NetSol Technologies, Inc designs, develops, markets, and exports software products to the automobile financing and leasing, banking, and financial services industries worldwide. It also provides system integration, consulting, and IT products and services. The company offers NetSol Financial Suite (NFS), an end-to-end solution covering leasing and finance cycle for the asset finance industry; and NFS Ascent platform, a lease accounting and contract processing engine.

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