NetSol Technologies Inc. (NTWK) Posts Earnings Results
NetSol Technologies Inc. (NASDAQ:NTWK) posted its quarterly earnings results on Monday. The company reported ($0.17) earnings per share for the quarter. NetSol Technologies had a return on equity of 4.56% and a net margin of 5.27%.
Shares of NetSol Technologies (NASDAQ:NTWK) opened at 5.50 on Tuesday. The stock has a market capitalization of $58.77 million, a price-to-earnings ratio of 17.19 and a beta of 0.66. NetSol Technologies has a 52-week low of $5.20 and a 52-week high of $9.50. The company has a 50 day moving average of $6.33 and a 200 day moving average of $6.13.
Several research firms recently commented on NTWK. Zacks Investment Research upgraded shares of NetSol Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, November 1st. TheStreet upgraded shares of NetSol Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, September 29th.
Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in NetSol Technologies by 29.7% in the second quarter. Vanguard Group Inc. now owns 366,118 shares of the company’s stock worth $2,138,000 after buying an additional 83,801 shares during the last quarter. Essex Investment Management Co. LLC bought a new stake in NetSol Technologies during the third quarter worth about $263,000. Raymond James & Associates bought a new stake in NetSol Technologies during the second quarter worth about $114,000. Susquehanna International Group LLP boosted its stake in NetSol Technologies by 428.8% in the third quarter. Susquehanna International Group LLP now owns 24,006 shares of the company’s stock worth $150,000 after buying an additional 19,466 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in NetSol Technologies by 0.5% in the third quarter. Northern Trust Corp now owns 22,421 shares of the company’s stock worth $140,000 after buying an additional 119 shares during the last quarter. Institutional investors own 15.33% of the company’s stock.
About NetSol Technologies
NetSol Technologies, Inc is a provider of information technology (IT) and enterprise software solutions. The Company’s primary source of revenue is the licensing, customization, enhancement and maintenance of its suite of financial applications under the brand name NetSol Financial Suite (NFS) and NFS Ascent for businesses in the global lease and finance industry.
Receive News & Stock Ratings for NetSol Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NetSol Technologies Inc. and related stocks with our FREE daily email newsletter.