Netsol Technologies Upgraded to “Neutral” by Zacks (NTWK)
Netsol Technologies (NASDAQ:NTWK) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued to investors on Monday, Stock Ratings Network reports. The firm currently has a $6.80 target price on the stock. Zacks‘ target price would suggest a potential upside of 2.87% from the stock’s previous close.
Shares of Netsol Technologies (NASDAQ:NTWK) traded down 1.64% on Monday, hitting $6.61. The stock had a trading volume of 374,217 shares. Netsol Technologies has a 52 week low of $4.25 and a 52 week high of $14.01. The stock’s 50-day moving average is $5.22 and its 200-day moving average is $8.05. The company has a market cap of $59.2 million and a P/E ratio of 9.85.
Netsol Technologies (NASDAQ:NTWK) last announced its earnings results on Friday, November 8th. The company reported ($0.12) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.15 by $0.27. The company had revenue of $9.10 million for the quarter, compared to the consensus estimate of $11.99 million. During the same quarter last year, the company posted $0.12 earnings per share. Netsol Technologies’s revenue was down 18.0% compared to the same quarter last year.
NTWK has been the subject of a number of other recent research reports. Analysts at TheStreet downgraded shares of Netsol Technologies from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, November 12th. Analysts at Maxim Group cut their price target on shares of Netsol Technologies from $10.00 to $7.00 in a research note to investors on Monday, November 11th. They now have a “buy” rating on the stock.
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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