NetSol Technologies (NASDAQ:NTWK) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

NetSol Technologies Inc. (NASDAQ:NTWK) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.55 and traded as high as $4.60. NetSol Technologies shares last traded at $4.28, with a volume of 20,986 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of NetSol Technologies in a research note on Tuesday, May 19th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, NetSol Technologies has an average rating of “Hold”.

NetSol Technologies Stock Up 6.9%

The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.01. The business’s fifty day moving average price is $4.12 and its two-hundred day moving average price is $3.57. The firm has a market cap of $55.48 million, a P/E ratio of 31.14 and a beta of 0.92.

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

Institutional Trading of NetSol Technologies

Large investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its stake in shares of NetSol Technologies by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 115,169 shares of the software maker’s stock valued at $349,000 after acquiring an additional 3,890 shares in the last quarter. Bridgeway Capital Management LLC boosted its position in NetSol Technologies by 9.9% during the second quarter. Bridgeway Capital Management LLC now owns 53,708 shares of the software maker’s stock worth $167,000 after purchasing an additional 4,816 shares during the period. Empowered Funds LLC boosted its position in 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 purchasing an additional 5,624 shares during the period. Hillsdale Investment Management Inc. acquired a new position in NetSol Technologies during the third quarter valued at approximately $37,000. Finally, IFP Advisors Inc grew 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 purchasing an additional 16,794 shares during the last quarter. 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.