NetSol Technologies (NASDAQ:NTWK) Shares Cross Above 200-Day Moving Average – Here’s What Happened

NetSol Technologies Inc. (NASDAQ:NTWK) passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $4.08 and traded as high as $4.98. NetSol Technologies shares last traded at $4.75, with a volume of 53,035 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of NetSol Technologies in a report on Friday, August 14th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

NetSol Technologies Price Performance

The company has a market cap of $58.21 million, a PE ratio of 32.67 and a beta of 0.93. The business has a 50 day moving average of $4.23 and a 200 day moving average of $4.09. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.94 and a quick ratio of 1.94.

Institutional Investors Weigh In On NetSol Technologies

A hedge fund recently raised its stake in NetSol Technologies stock. Empowered Funds LLC increased its stake in NetSol Technologies Inc. (NASDAQ:NTWK) by 9.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,151 shares of the software maker’s stock after buying an additional 5,624 shares during the period. Empowered Funds LLC owned 0.57% of NetSol Technologies worth $231,000 at the end of the most recent reporting period. 16.02% of the stock is currently owned by institutional investors.

About NetSol Technologies

NetSol Technologies, Inc is a global provider of enterprise software and technology services for the asset finance and leasing industry. The company develops solutions that help banks, manufacturers, equipment lessors and other finance companies manage leasing and lending operations, including contract administration, credit and risk processes, asset management, billing, collections and reporting.

Its product portfolio includes the NFS Ascent platform, a configurable solution designed to support the full lifecycle of asset finance and leasing transactions.