NetSol Technologies (NASDAQ:NTWK) Share Price Crosses Above 200-Day Moving Average – Here’s Why

NetSol Technologies Inc. (NASDAQ:NTWK) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $3.47 and traded as high as $4.48. NetSol Technologies shares last traded at $4.42, with a volume of 6,434 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of NetSol Technologies in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

NetSol Technologies Stock Up 1.1%

The company has a fifty day simple moving average of $3.96 and a 200-day simple moving average of $3.48. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.01. The firm has a market cap of $53.70 million, a P/E ratio of 30.14 and a beta of 0.92.

NetSol Technologies (NASDAQ:NTWK) last posted its quarterly earnings data on Thursday, May 14th. The software maker reported $0.11 EPS for the quarter, topping the consensus estimate of $0.08 by $0.03. NetSol Technologies had a return on equity of 4.24% and a net margin of 2.49%.The firm had revenue of $19.83 million for the quarter, compared to the consensus estimate of $15.10 million.

Institutional Investors Weigh In On NetSol Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NTWK. Geode Capital Management LLC increased its stake in shares of NetSol Technologies by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 115,169 shares of the software maker’s stock worth $349,000 after purchasing an additional 3,890 shares in the last quarter. Bridgeway Capital Management LLC boosted its holdings in NetSol Technologies by 9.9% in the 2nd quarter. Bridgeway Capital Management LLC now owns 53,708 shares of the software maker’s stock worth $167,000 after buying an additional 4,816 shares during the period. Empowered Funds LLC boosted its holdings in NetSol Technologies by 9.0% in the 1st quarter. Empowered Funds LLC now owns 68,151 shares of the software maker’s stock worth $231,000 after buying an additional 5,624 shares during the period. Hillsdale Investment Management Inc. purchased a new stake in NetSol Technologies in the 3rd quarter worth $37,000. Finally, IFP Advisors Inc raised its holdings in NetSol Technologies by 33,588.0% during the third quarter. IFP Advisors Inc now owns 16,844 shares of the software maker’s stock valued at $80,000 after acquiring an additional 16,794 shares during the period. Institutional investors own 16.02% of the company’s stock.

About NetSol Technologies

NetSol Technologies, Inc is a publicly traded enterprise software provider specializing in asset finance and leasing solutions. Headquartered in Calabasas, California, the company was founded in 1997 by Najeeb Ghauri, who continues to serve as its chief executive officer. NetSol has built a reputation for delivering end-to-end digital solutions tailored to the finance, leasing, and rental industries, enabling clients to streamline operations, improve customer engagement, and accelerate business growth.

The company’s flagship offering, NFS Ascent, is a configurable, modular platform that supports the entire contract lifecycle—from origination and credit approval through servicing and end-of-term processing.