NetSol Technologies (NASDAQ:NTWK) Stock Passes Above 200 Day Moving Average of $0.00

NetSol Technologies Inc. (NASDAQ:NTWK)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.00 and traded as high as $5.94. NetSol Technologies shares last traded at $5.94, with a volume of 310 shares traded.

Several brokerages have recently weighed in on NTWK. ValuEngine lowered NetSol Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, July 2nd. TheStreet lowered NetSol Technologies from a “b-” rating to a “c+” rating in a report on Monday, May 20th.

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 stock has a market capitalization of $67.59 million, a P/E ratio of 15.13, a price-to-earnings-growth ratio of 0.55 and a beta of 0.50. The firm has a fifty day moving average of $5.79.

NetSol Technologies (NASDAQ:NTWK) last posted its earnings results on Tuesday, May 14th. The software maker reported $0.11 EPS for the quarter. The business had revenue of $17.13 million during the quarter. NetSol Technologies had a return on equity of 8.82% and a net margin of 9.33%. As a group, sell-side analysts expect that NetSol Technologies Inc. will post 0.6 EPS for the current fiscal year.

In related news, Director Naeem Ghauri bought 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The stock was acquired at an average price of $5.41 per share, for a total transaction of $27,050.00. Following the transaction, the director now directly owns 487,890 shares of the company’s stock, valued at $2,639,484.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 14.28% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC raised its position in NetSol Technologies by 3.1% in the 2nd quarter. Renaissance Technologies LLC now owns 504,013 shares of the software maker’s stock valued at $2,817,000 after purchasing an additional 14,993 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of NetSol Technologies by 98.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 164,198 shares of the software maker’s stock worth $1,010,000 after acquiring an additional 81,352 shares during the last quarter. Deutsche Bank AG raised its position in shares of NetSol Technologies by 31.6% during the fourth quarter. Deutsche Bank AG now owns 94,253 shares of the software maker’s stock worth $579,000 after acquiring an additional 22,633 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of NetSol Technologies by 4.6% during the second quarter. Acadian Asset Management LLC now owns 94,208 shares of the software maker’s stock worth $527,000 after acquiring an additional 4,125 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its position in shares of NetSol Technologies by 39.6% during the second quarter. Municipal Employees Retirement System of Michigan now owns 64,310 shares of the software maker’s stock worth $359,000 after acquiring an additional 18,240 shares during 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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