NetSol Technologies (NASDAQ:NTWK) Posts Earnings Results

NetSol Technologies (NASDAQ:NTWK) issued its quarterly earnings results on Thursday. The software maker reported ($0.10) EPS for the quarter, Zacks reports. NetSol Technologies had a return on equity of 1.84% and a net margin of 1.17%.

NetSol Technologies Stock Performance

NTWK stock traded down $0.09 on Thursday, hitting $2.61. The company had a trading volume of 18,418 shares, compared to its average volume of 22,429. The stock has a market cap of $29.89 million, a price-to-earnings ratio of 37.21 and a beta of 1.07. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.01. The stock’s 50-day simple moving average is $2.67 and its 200 day simple moving average is $2.77. NetSol Technologies has a 12-month low of $2.28 and a 12-month high of $3.34.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of NetSol Technologies in a research note on Thursday, February 6th. They set a “buy” rating for the company.

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.