Netsol Technologies Reaches New 12-Month Low at $3.58 (NTWK)
Netsol Technologies (NASDAQ:NTWK) reached a new 52-week low during trading on Thursday , Analyst Ratings Network reports. The company traded as low as $3.58 and last traded at $3.61, with a volume of 27,388 shares traded. The stock had previously closed at $3.65.
Separately, analysts at Zacks downgraded shares of Netsol Technologies from a “neutral” rating to an “underperform” rating in a research note on Monday, June 9th. They now have a $3.70 price target on the stock.
The stock has a 50-day moving average of $3.92 and a 200-day moving average of $4.48. The company’s market cap is $31.7 million.
Netsol Technologies (NASDAQ:NTWK) last issued its quarterly earnings data on Tuesday, May 13th. The company reported ($0.14) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.15) by $0.01. The company had revenue of $9.40 million for the quarter, compared to the consensus estimate of $9.13 million. The company’s quarterly revenue was down 25.7% on a year-over-year basis. On average, analysts predict that Netsol Technologies will post $-0.70 earnings per share for the current fiscal year.
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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