NetSol Technologies Inc. (NTWK) Raised to “Hold” at ValuEngine
NetSol Technologies Inc. (NASDAQ:NTWK) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
Separately, Zacks Investment Research upgraded shares of NetSol Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 1st.
NetSol Technologies (NASDAQ:NTWK) traded down 1.22% during midday trading on Wednesday, hitting $4.05. 29,170 shares of the stock traded hands. The company has a market cap of $44.38 million, a price-to-earnings ratio of 270.00 and a beta of 0.38. The firm’s 50-day moving average is $4.77 and its 200-day moving average is $5.13. NetSol Technologies has a 52-week low of $3.90 and a 52-week high of $7.00.
NetSol Technologies (NASDAQ:NTWK) last posted its quarterly earnings results on Monday, May 22nd. The software maker reported $0.06 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.07. The firm had revenue of $17.95 million for the quarter, compared to analysts’ expectations of $17.75 million. NetSol Technologies had a net margin of 3.09% and a return on equity of 2.69%. Analysts predict that NetSol Technologies will post $0.01 EPS for the current year.
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An institutional investor recently raised its position in NetSol Technologies stock. Renaissance Technologies LLC increased its position in NetSol Technologies Inc. (NASDAQ:NTWK) by 10.3% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 356,902 shares of the software maker’s stock after buying an additional 33,382 shares during the period. Renaissance Technologies LLC owned approximately 3.29% of NetSol Technologies worth $1,856,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 15.88% of the company’s stock.
NetSol Technologies Company Profile
NetSol Technologies, Inc is a provider of information technology (IT) and enterprise software solutions. The Company is engaged in the licensing, customization, enhancement and maintenance of its suite of financial applications under the brand names, NetSol Financial Suite (NFS) and NFS Ascent, for businesses in the lease and finance industry.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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