NetSol Technologies (NTWK) Stock Rating Upgraded by ValuEngine
NetSol Technologies (NASDAQ:NTWK) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.
Separately, TheStreet lowered NetSol Technologies from a “c-” rating to a “d” rating in a research note on Thursday, September 28th.
NetSol Technologies (NTWK) traded down $0.05 during trading on Friday, reaching $4.40. The company’s stock had a trading volume of 9,539 shares, compared to its average volume of 44,743. NetSol Technologies has a 12-month low of $3.09 and a 12-month high of $5.65.
In related news, CEO Najeeb Ghauri acquired 7,000 shares of the stock in a transaction on Monday, November 20th. The shares were purchased at an average price of $3.75 per share, for a total transaction of $26,250.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. In the last 90 days, insiders have acquired 32,450 shares of company stock worth $125,009. Corporate insiders own 11.05% of the company’s stock.
An institutional investor recently raised its position in NetSol Technologies stock. Municipal Employees Retirement System of Michigan grew its holdings in NetSol Technologies Inc. (NASDAQ:NTWK) by 25.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 76,250 shares of the software maker’s stock after purchasing an additional 15,380 shares during the period. Municipal Employees Retirement System of Michigan owned approximately 0.69% of NetSol Technologies worth $301,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 19.37% of the company’s stock.
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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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