Separately, Zacks Investment Research upgraded NetSol Technologies from a sell rating to a hold rating in a report on Tuesday, June 21st.
Shares of NetSol Technologies (NASDAQ:NTWK) remained flat at $6.26 during mid-day trading on Thursday. 64,542 shares of the company were exchanged. The company has a market cap of $66.89 million, a PE ratio of 19.56 and a beta of 0.69. The stock has a 50 day moving average of $6.10 and a 200 day moving average of $6.30. NetSol Technologies has a 52-week low of $5.02 and a 52-week high of $9.50.
NetSol Technologies (NASDAQ:NTWK) last announced its quarterly earnings data on Thursday, September 15th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.08. NetSol Technologies had a return on equity of 4.56% and a net margin of 5.27%. The business earned $19.10 million during the quarter. On average, analysts anticipate that NetSol Technologies will post $0.20 EPS for the current year.
A number of institutional investors have recently bought and sold shares of the stock. Raymond James & Associates bought a new position in NetSol Technologies during the second quarter valued at $114,000. Vanguard Group Inc. raised its position in NetSol Technologies by 29.7% in the second quarter. Vanguard Group Inc. now owns 366,118 shares of the company’s stock valued at $2,138,000 after buying an additional 83,801 shares during the period. Royal Bank of Canada raised its position in NetSol Technologies by 57.2% in the first quarter. Royal Bank of Canada now owns 30,657 shares of the company’s stock valued at $214,000 after buying an additional 11,157 shares during the period. Simmons Bank bought a new position in NetSol Technologies during the first quarter valued at $688,000. Finally, Geode Capital Management LLC raised its position in NetSol Technologies by 6.0% in the first quarter. Geode Capital Management LLC now owns 52,458 shares of the company’s stock valued at $366,000 after buying an additional 2,967 shares during the period. Institutional investors own 15.01% of the company’s stock.
NetSol Technologies Company Profile
NetSol Technologies, Inc is a provider of information technology (IT) and enterprise software solutions. The Company’s primary source of revenue is the licensing, customization, enhancement and maintenance of its suite of financial applications under the brand name NetSol Financial Suite (NFS) and NFS Ascent for businesses in the global lease and finance industry.
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