Netsol Technologies (NTWK) Announces Quarterly Earnings, Beats Expectations By $0.36 EPS
Netsol Technologies (NASDAQ:NTWK) posted its quarterly earnings results on Thursday. The company reported $0.58 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.22 by $0.36, American Banking and Market News reports. The company had revenue of $15.10 million for the quarter, compared to the consensus estimate of $13.53 million.
A number of research firms have recently commented on NTWK. Analysts at Sidoti initiated coverage on shares of Netsol Technologies (NASDAQ:NTWK) in a research note to investors on Tuesday, August 27th. They set a “buy” rating on the stock. Analysts at Maxim Group initiated coverage on shares of Netsol Technologies (NASDAQ:NTWK) in a research note to investors on Friday, July 19th. They set a “buy” rating and a $13.00 price target on the stock.
Netsol Technologies (NASDAQ:NTWK) opened at 10.20 on Thursday. Netsol Technologies has a 1-year low of $5.40 and a 1-year high of $14.01. The stock’s 50-day moving average is $10.19 and its 200-day moving average is $10.98. The company has a market cap of $85.1 million and a price-to-earnings ratio of 12.10.
NetSol Technologies, Inc (NASDAQ:NTWK) designs, develops, markets, and exports software products to customers in the automobile finance and leasing, banking, healthcare, and financial services industries worldwide.
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