NetSol Technologies Inc. (NTWK) Upgraded to Hold at Zacks Investment Research
NetSol Technologies Inc. (NASDAQ:NTWK) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors 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 upgraded shares of NetSol Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, September 29th.
NetSol Technologies (NASDAQ:NTWK) opened at 5.70 on Wednesday. The firm’s 50-day moving average price is $6.16 and its 200 day moving average price is $6.05. NetSol Technologies has a one year low of $5.20 and a one year high of $9.50. The firm has a market capitalization of $61.87 million, a P/E ratio of 30.81 and a beta of 0.66.
NetSol Technologies (NASDAQ:NTWK) last posted its quarterly earnings data on Monday, November 14th. The company reported ($0.17) earnings per share (EPS) for the quarter. NetSol Technologies had a net margin of 3.09% and a return on equity of 2.69%. On average, equities analysts anticipate that NetSol Technologies will post $0.51 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the stock. Essex Investment Management Co. LLC acquired a new position in shares of NetSol Technologies during the third quarter worth $263,000. Susquehanna International Group LLP boosted 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 worth $150,000 after buying an additional 19,466 shares during the period. Northern Trust Corp boosted 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 worth $140,000 after buying an additional 119 shares during the period. Raymond James & Associates acquired a new position in shares of NetSol Technologies during the second quarter worth $114,000. Finally, Vanguard Group Inc. boosted its position in shares of 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 period. Institutional investors and hedge funds own 16.16% of the company’s stock.
NetSol Technologies Company Profile
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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