Stock analysts at Noble Financial assumed coverage on shares of NetSol Technologies (NASDAQ:NTWK – Get Free Report) in a research report issued on Friday, Zacks reports. The firm set a “strong-buy” rating on the software maker’s stock.
Other equities research analysts also recently issued research reports about the company. Zacks Research raised NetSol Technologies to a “hold” rating in a report on Thursday, October 22nd. Wall Street Zen cut NetSol Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings raised NetSol Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $9.00.
Read Our Latest Stock Report on NetSol Technologies
NetSol Technologies Trading Down 4.9%
NetSol Technologies stock traded down $0.26 during mid-day trading on Friday, reaching $5.02. The company had a trading volume of 214,194 shares, compared to its average volume of 166,780. NetSol Technologies has a fifty-two week low of $2.80 and a fifty-two week high of $8.46. The company has a market cap of $59.99 million, a P/E ratio of 10.91 and a beta of 0.91. The business has a fifty day simple moving average of $5.93 and a 200 day simple moving average of $4.44.
NetSol Technologies (NASDAQ:NTWK – Get Free Report) last posted its earnings results on Thursday, November 12th. The software maker reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. The firm had revenue of $16.41 million for the quarter, compared to analysts’ expectations of $16.51 million. NetSol Technologies had a net margin of 7.27% and a return on equity of 12.18%. Research analysts forecast that NetSol Technologies will post 0.43 EPS for the current year.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in NetSol Technologies stock. SBI Securities Co. Ltd. purchased a new position in NetSol Technologies Inc. (NASDAQ:NTWK – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 9,500 shares of the software maker’s stock, valued at approximately $52,000. SBI Securities Co. Ltd. owned 0.08% of NetSol Technologies as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 16.02% of the company’s stock.
About NetSol Technologies
NetSol Technologies, Inc. develops enterprise software and provides technology services, primarily for the global asset finance and leasing industry. Its customers include businesses that finance vehicles, equipment and other assets. The company’s offerings include the NFS Ascent platform, which supports finance and leasing operations such as loan and lease origination, contract management and servicing. NetSol also provides software implementation, consulting and related technology services. Founded in 1997, NetSol serves clients across North America, Europe and Asia-Pacific, among other markets.
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