NetSol Technologies (NASDAQ:NTWK) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

NetSol Technologies Inc. (NASDAQ:NTWK)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.68 and traded as high as $4.61. NetSol Technologies shares last traded at $4.51, with a volume of 9,581 shares trading hands.

Analysts Set New Price Targets

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

NetSol Technologies Stock Performance

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 stock has a fifty day moving average price of $4.38 and a 200-day moving average price of $3.70. The firm has a market cap of $51.68 million, a price-to-earnings ratio of 29.00 and a beta of 0.92.

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

Institutional Trading of NetSol Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in NTWK. Empowered Funds LLC increased its stake in shares of NetSol Technologies by 9.0% during the first quarter. Empowered Funds LLC now owns 68,151 shares of the software maker’s stock worth $231,000 after acquiring an additional 5,624 shares during the period. XTX Topco Ltd acquired a new stake in NetSol Technologies in the fourth quarter valued at about $58,000. Bridgeway Capital Management LLC lifted its position in NetSol Technologies by 10.3% in the fourth quarter. Bridgeway Capital Management LLC now owns 65,027 shares of the software maker’s stock valued at $197,000 after purchasing an additional 6,051 shares during the period. Rothschild Wealth LLC purchased a new stake in NetSol Technologies in the 4th quarter valued at approximately $303,000. Finally, Evernest Financial Advisors LLC purchased a new stake in NetSol Technologies in the 4th quarter valued at approximately $419,000. Hedge funds and other institutional investors own 16.02% of the company’s stock.

NetSol Technologies Company Profile

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.