NetSol Technologies Inc. (NASDAQ:NTWK – Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.79 and traded as high as $4.55. NetSol Technologies shares last traded at $4.35, with a volume of 3,528 shares.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of NetSol Technologies in a research report on Tuesday, May 19th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.
Read Our Latest Analysis on NetSol Technologies
NetSol Technologies Trading Down 0.2%
NetSol Technologies (NASDAQ:NTWK – Get Free Report) last issued its quarterly earnings data 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 net margin of 2.49% and a return on equity of 4.24%. The business had revenue of $19.83 million during the quarter, compared to analyst estimates of $15.10 million.
Hedge Funds Weigh In On NetSol Technologies
Institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd purchased a new stake in NetSol Technologies in the fourth quarter worth about $58,000. IFP Advisors Inc boosted its position in NetSol Technologies by 33,588.0% during the 3rd quarter. IFP Advisors Inc now owns 16,844 shares of the software maker’s stock valued at $80,000 after acquiring an additional 16,794 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of NetSol Technologies during the 4th quarter worth approximately $82,000. Bridgeway Capital Management LLC grew its holdings in shares of NetSol Technologies by 9.9% during the 2nd quarter. Bridgeway Capital Management LLC now owns 53,708 shares of the software maker’s stock worth $167,000 after acquiring an additional 4,816 shares during the period. Finally, Empowered Funds LLC raised its position in shares of NetSol Technologies by 10.7% in the 4th quarter. Empowered Funds LLC now owns 62,527 shares of the software maker’s stock worth $189,000 after acquiring an additional 6,051 shares in the last quarter. 16.02% of the stock is owned by institutional investors.
NetSol Technologies Company Profile
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.
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