NetSol Technologies Inc. (NTWK) to Release Earnings on Wednesday
NetSol Technologies Inc. (NASDAQ:NTWK) is scheduled to post its quarterly earnings results before the market opens on Wednesday, September 13th. Analysts expect NetSol Technologies to post earnings of ($0.02) per share for the quarter.
NetSol Technologies Inc. (NTWK) opened at 4.40 on Tuesday. NetSol Technologies Inc. has a 52 week low of $3.80 and a 52 week high of $7.00. The company’s 50-day moving average price is $4.38 and its 200 day moving average price is $4.52. The stock has a market capitalization of $48.83 million, a P/E ratio of 200.00 and a beta of 0.72.
NetSol Technologies announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, July 18th that authorizes the company to repurchase 500,000 outstanding shares. This repurchase authorization authorizes the software maker to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
Separately, ValuEngine cut NetSol Technologies from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd.
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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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