NetSol Technologies, Inc. (NASDAQ:NTWK – Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.70 and traded as high as $2.74. NetSol Technologies shares last traded at $2.72, with a volume of 2,189 shares changing hands.
Analyst Ratings Changes
Separately, StockNews.com assumed coverage on shares of NetSol Technologies in a research note on Thursday. They set a “buy” rating for the company.
Check Out Our Latest Stock Report on NTWK
NetSol Technologies Stock Down 1.8 %
NetSol Technologies (NASDAQ:NTWK – Get Free Report) last announced its earnings results on Monday, May 20th. The software maker reported $0.03 earnings per share for the quarter. NetSol Technologies had a negative net margin of 7.33% and a negative return on equity of 11.38%. The firm had revenue of $15.47 million during the quarter.
Hedge Funds Weigh In On NetSol Technologies
An institutional investor recently raised its position in NetSol Technologies stock. Perritt Capital Management Inc. grew its holdings in shares of NetSol Technologies, Inc. (NASDAQ:NTWK – Free Report) by 62.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,639 shares of the software maker’s stock after purchasing an additional 7,900 shares during the quarter. Perritt Capital Management Inc. owned approximately 0.18% of NetSol Technologies worth $57,000 at the end of the most recent quarter. Institutional investors own 16.02% 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.
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