NetSol Technologies (NASDAQ:NTWK) Posts Earnings Results

NetSol Technologies (NASDAQ:NTWK) issued its quarterly earnings results on Monday. The software maker reported $0.22 earnings per share (EPS) for the quarter, Zacks reports. NetSol Technologies had a net margin of 0.41% and a return on equity of 0.68%.

NetSol Technologies Trading Up 10.1%

Shares of NTWK opened at $5.22 on Tuesday. The firm’s 50-day moving average is $4.31 and its two-hundred day moving average is $3.30. NetSol Technologies has a twelve month low of $2.14 and a twelve month high of $5.75. The firm has a market capitalization of $61.13 million, a P/E ratio of 261.13 and a beta of 1.06.

Insider Activity at NetSol Technologies

In other NetSol Technologies news, President Naeem Ghauri purchased 18,279 shares of the stock in a transaction dated Monday, July 14th. The shares were acquired at an average cost of $3.85 per share, for a total transaction of $70,374.15. Following the completion of the transaction, the president directly owned 459,853 shares of the company’s stock, valued at $1,770,434.05. This trade represents a 4.14% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have purchased 28,304 shares of company stock valued at $105,766 in the last quarter. 14.95% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On NetSol Technologies

An institutional investor recently raised its position in NetSol Technologies stock. Bridgeway Capital Management LLC lifted its position in shares of NetSol Technologies Inc. (NASDAQ:NTWK) by 9.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 53,708 shares of the software maker’s stock after buying an additional 4,816 shares during the period. Bridgeway Capital Management LLC owned 0.46% of NetSol Technologies worth $167,000 as of its most recent SEC filing. Institutional investors own 16.02% of the company’s stock.

About NetSol Technologies

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.