NetSol Technologies (NASDAQ:NTWK) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a research report sent to investors on Wednesday. The firm issued a buy rating on the software maker’s stock.

Separately, TheStreet upgraded NetSol Technologies from a d rating to a c- rating in a report on Tuesday, February 13th.

NetSol Technologies Stock Performance

NetSol Technologies stock opened at $2.76 on Wednesday. The business has a fifty day moving average of $2.82 and a two-hundred day moving average of $2.36. NetSol Technologies has a twelve month low of $1.72 and a twelve month high of $3.05.

NetSol Technologies (NASDAQ:NTWK) last posted its earnings results on Tuesday, February 13th. The software maker reported $0.04 earnings per share for the quarter. NetSol Technologies had a negative return on equity of 5.47% and a negative net margin of 3.68%. The company had revenue of $15.24 million during the quarter.

Insider Activity

In other news, CFO Roger Kent Almond sold 9,264 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $2.88, for a total transaction of $26,680.32. Following the completion of the sale, the chief financial officer now owns 20,736 shares in the company, valued at approximately $59,719.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 11.71% of the company’s stock.

NetSol Technologies Company Profile

NetSol Technologies, Inc designs, develops, markets, and exports enterprise software solutions to the automobile financing and leasing, banking, and financial services industries worldwide. The company offers NFS Ascent, a suite of financial applications for businesses in the finance and leasing industry.