NetSol Technologies Inc. (NASDAQ:NTWK) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued on Wednesday.

According to Zacks, “NetSol Technologies is a multinational provider of enterprise software and IT services to the financial services industry. NetSol helps clients to identify, evaluate and implement technology solutions to meet their strategic business challenges and maximize their bottom line. By utilizing its worldwide resources, NetSol delivers high-quality, cost-effective equipment and vehicle finance portfolio management solutions. The Company also delivers managed IT services ranging from consulting and application development to systems integration and development outsourcing. NetSol’s commitment to quality is demonstrated by its achievement of both ISO 9001 and SEI (Software Engineering Institute) CMMi (Capability Maturity Model) Level 5 assessment, a distinction shared by only 94 companies worldwide. The Company’s clients include global automakers, financial institutions, technology companies and governmental agencies. “

Separately, TheStreet raised NetSol Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, September 29th.

NetSol Technologies (NASDAQ:NTWK) opened at 5.75 on Wednesday. The company has a market cap of $61.44 million, a P/E ratio of 17.97 and a beta of 0.66. The stock has a 50 day moving average price of $6.27 and a 200 day moving average price of $6.11. NetSol Technologies has a 1-year low of $5.20 and a 1-year high of $9.50.

NetSol Technologies (NASDAQ:NTWK) last released its quarterly earnings results on Monday, November 14th. The company reported ($0.17) EPS for the quarter. NetSol Technologies had a return on equity of 2.69% and a net margin of 3.09%. On average, equities research analysts anticipate that NetSol Technologies will post $0.51 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Susquehanna International Group LLP raised its position in shares of NetSol Technologies by 428.8% in the third quarter. Susquehanna International Group LLP now owns 24,006 shares of the company’s stock valued at $150,000 after buying an additional 19,466 shares in the last quarter. Northern Trust Corp raised its position in shares of NetSol Technologies by 0.5% in the third quarter. Northern Trust Corp now owns 22,421 shares of the company’s stock valued at $140,000 after buying an additional 119 shares in the last quarter. Essex Investment Management Co. LLC purchased a new stake in NetSol Technologies during the third quarter valued at $263,000. Raymond James & Associates purchased a new stake in NetSol Technologies during the second quarter valued at $114,000. Finally, Vanguard Group Inc. increased 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 valued at $2,138,000 after buying an additional 83,801 shares during the last quarter. 15.33% of the stock is currently owned by institutional investors.

About NetSol Technologies

NetSol Technologies, Inc is a provider of information technology (IT) and enterprise software solutions. The Company is engaged in the licensing, customization, enhancement and maintenance of its suite of financial applications under the brand names, NetSol Financial Suite (NFS) and NFS Ascent, for businesses in the lease and finance industry.

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