NetSol Technologies (NASDAQ:NTWK) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

NetSol Technologies Inc. (NASDAQ:NTWK) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.74 and traded as high as $4.54. NetSol Technologies shares last traded at $4.45, with a volume of 14,944 shares traded.

Wall Street Analyst Weigh In

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

NetSol Technologies Stock Down 0.7%

The stock has a 50-day moving average of $4.43 and a 200 day moving average of $3.75. The company has a market cap of $52.51 million, a P/E ratio of 29.47 and a beta of 0.92. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.94 and a quick ratio of 1.94.

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

Institutional Trading of NetSol Technologies

A number of hedge funds have recently added to or reduced their stakes in NTWK. Evernest Financial Advisors LLC bought a new position in shares of NetSol Technologies in the 4th quarter valued at $419,000. IFP Advisors Inc increased its holdings in NetSol Technologies by 33,588.0% in the 3rd quarter. IFP Advisors Inc now owns 16,844 shares of the software maker’s stock worth $80,000 after purchasing an additional 16,794 shares in the last quarter. Bridgeway Capital Management LLC increased its holdings in NetSol Technologies by 10.3% in the 4th quarter. Bridgeway Capital Management LLC now owns 65,027 shares of the software maker’s stock worth $197,000 after purchasing an additional 6,051 shares in the last quarter. Rothschild Wealth LLC bought a new position in NetSol Technologies in the fourth quarter valued at about $303,000. Finally, Mink Brook Asset Management LLC bought a new position in NetSol Technologies in the fourth quarter valued at about $331,000. Institutional investors and hedge funds 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.