NetSol Technologies (NASDAQ:NTWK) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a report issued on Wednesday morning. The firm issued a buy rating on the software maker’s stock.

Separately, TheStreet upgraded shares of NetSol Technologies from a d rating to a c- rating in a research note on Tuesday, February 13th.

NetSol Technologies Stock Performance

NASDAQ:NTWK opened at $2.76 on Wednesday. The company has a fifty day simple moving average of $2.82 and a two-hundred day simple moving average of $2.36. NetSol Technologies has a 52 week low of $1.72 and a 52 week high of $3.05.

NetSol Technologies (NASDAQ:NTWK) last posted its quarterly earnings results on Tuesday, February 13th. The software maker reported $0.04 EPS for the quarter. The business had revenue of $15.24 million during the quarter. NetSol Technologies had a negative net margin of 3.68% and a negative return on equity of 5.47%.

Insider Transactions at NetSol Technologies

In other news, CFO Roger Kent Almond sold 9,264 shares of NetSol Technologies stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $2.88, for a total transaction of $26,680.32. Following the completion of the sale, the chief financial officer now directly owns 20,736 shares of the company’s stock, valued at approximately $59,719.68. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 11.71% of the company’s stock.

About NetSol Technologies

NetSol Technologies, Inc designs, develops, markets, and exports enterprise software solutions to the automobile financing and leasing, banking, and financial services industries worldwide. The company offers NFS Ascent, a suite of financial applications for businesses in the finance and leasing industry.