NetSol Technologies Inc. (NASDAQ:NTWK – Get Free Report) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 95,199 shares, a growth of 94.7% from the September 30th total of 48,894 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average trading volume of 158,048 shares, the short-interest ratio is currently 0.6 days.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the stock. Wall Street Zen raised shares of NetSol Technologies to a “strong-buy” rating in a research report on Saturday. Noble Financial began coverage on NetSol Technologies in a research note on Wednesday, October 21st. They issued an “outperform” rating and a $9.00 price target for the company. Weiss Ratings raised NetSol Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 14th. Finally, Zacks Research upgraded NetSol Technologies to a “hold” rating in a research note on Thursday, October 22nd. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $9.00.
View Our Latest Stock Report on NetSol Technologies
Institutional Trading of NetSol Technologies
An institutional investor recently bought a new position in NetSol Technologies stock. SBI Securities Co. Ltd. acquired a new position 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 acquired 9,500 shares of the software maker’s stock, valued at approximately $52,000. SBI Securities Co. Ltd. owned approximately 0.08% of NetSol Technologies as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 16.02% of the company’s stock.
NetSol Technologies Trading Up 4.0%
NTWK stock traded up $0.31 during trading on Monday, hitting $7.99. The company had a trading volume of 146,563 shares, compared to its average volume of 51,589. NetSol Technologies has a fifty-two week low of $2.73 and a fifty-two week high of $8.46. The business has a 50 day moving average of $5.42 and a 200 day moving average of $4.26. The firm has a market capitalization of $95.43 million, a price-to-earnings ratio of 31.82 and a beta of 0.91.
NetSol Technologies (NASDAQ:NTWK – Get Free Report) last announced its earnings results on Monday, October 5th. The software maker reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.24. The business had revenue of $20.72 million during the quarter, compared to analysts’ expectations of $15.10 million. NetSol Technologies had a return on equity of 6.79% and a net margin of 4.02%. As a group, equities analysts predict that NetSol Technologies will post 0.43 EPS for the current year.
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.
Featured Articles
- Five stocks we like better than NetSol Technologies
- GLP-1 Focus or Broader Peptide Exposure: Which ETF Has the Edge?
- Mortgage Rates Froze U.S. Housing, But These 3 Overseas Markets Still Pay Double Digits
- Big Tech Is Spending Billions on AIāThese 5 Stocks Are Getting Paid
- 3 Waste Services Stocks With More Growth Than You Might Expect
Receive News & Ratings for NetSol Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NetSol Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
