NetSol Technologies (NASDAQ:NTWK) Stock Gets Downgrade from Wall Street Zen

NetSol Technologies (NASDAQ:NTWK) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Other analysts have also issued research reports about the stock. Zacks Research upgraded shares of NetSol Technologies to a “hold” rating in a research report on Thursday, October 22nd. Noble Financial began coverage on NetSol Technologies in a research note on Wednesday, October 21st. They issued an “outperform” rating and a $9.00 price target for the company. Finally, Weiss Ratings upgraded NetSol Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 14th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $9.00.

NetSol Technologies Trading Down 4.9%

NTWK opened at $5.02 on Friday. The company’s 50 day moving average is $5.93 and its 200-day moving average is $4.44. NetSol Technologies has a 1-year low of $2.80 and a 1-year high of $8.46. The company has a market cap of $59.99 million, a P/E ratio of 11.49 and a beta of 0.91.

NetSol Technologies (NASDAQ:NTWK) last announced its quarterly earnings results on Thursday, November 12th. The software maker reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $16.41 million for the quarter, compared to analyst estimates of $16.51 million. NetSol Technologies had a net margin of 7.27% and a return on equity of 12.18%. On average, equities analysts forecast that NetSol Technologies will post 0.43 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in NetSol Technologies stock. SBI Securities Co. Ltd. purchased a new stake in NetSol Technologies Inc. (NASDAQ:NTWK) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,500 shares of the software maker’s stock, valued at approximately $52,000. SBI Securities Co. Ltd. owned 0.08% of NetSol Technologies at the end of the most recent quarter. Hedge funds and other institutional investors own 16.02% of the company’s stock.

NetSol Technologies Company Profile

NetSol Technologies, Inc. is a global provider of enterprise software and information technology services, with a primary focus on the asset finance and leasing industry. The company serves vehicle manufacturers, banks, financial institutions, equipment lessors and other organizations that manage commercial lending, leasing and financing operations. Its software offerings are designed to support the full lifecycle of financing transactions, including origination, credit and contract management, billing, accounting, asset management, collections and portfolio administration.