Wall Street Zen upgraded shares of NetSol Technologies (NASDAQ:NTWK – Free Report) to a strong-buy rating in a report issued on Saturday morning,Wall Street Zen reports.
NTWK has been the topic of a number of other research reports. Weiss Ratings raised NetSol Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 14th. Noble Financial began coverage on shares of NetSol Technologies in a report on Wednesday, October 21st. They issued an “outperform” rating and a $9.00 price target for the company. Finally, Zacks Research raised shares of NetSol Technologies to a “hold” rating in a research report on Thursday, October 22nd. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $9.00.
Get Our Latest Research Report on NetSol Technologies
NetSol Technologies Trading Down 1.0%
NASDAQ NTWK opened at $7.68 on Friday. NetSol Technologies has a 1 year low of $2.73 and a 1 year high of $8.46. The company has a fifty day simple moving average of $5.42 and a 200 day simple moving average of $4.26. The company has a market cap of $91.78 million, a P/E ratio of 30.72 and a beta of 0.94.
NetSol Technologies (NASDAQ:NTWK – Get Free Report) last released its earnings results on Monday, October 5th. The software maker reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.24. The firm had revenue of $20.72 million during the quarter, compared to analyst estimates of $15.10 million. NetSol Technologies had a net margin of 4.02% and a return on equity of 6.79%. Equities research analysts forecast that NetSol Technologies will post 0.43 EPS for the current fiscal year.
Hedge Funds Weigh In On NetSol Technologies
An institutional investor recently bought a new stake in NetSol Technologies stock. SBI Securities Co. Ltd. bought a new stake in NetSol Technologies Inc. (NASDAQ:NTWK – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,500 shares of the software maker’s stock, valued at approximately $52,000. SBI Securities Co. Ltd. owned 0.08% of NetSol Technologies as of its most recent SEC filing. 16.02% of the stock is currently owned by institutional investors and hedge funds.
NetSol Technologies Company Profile
NetSol Technologies, Inc is a global provider of enterprise software and information technology services, with a primary focus on the asset finance and leasing industry. The company serves vehicle manufacturers, banks, financial institutions, equipment lessors and other organizations that manage commercial lending, leasing and financing operations.
Its software offerings are designed to support the full lifecycle of financing transactions, including origination, credit and contract management, billing, accounting, asset management, collections and portfolio administration.
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