NetSol Technologies (NTWK) Releases Quarterly Earnings Results

NetSol Technologies (NASDAQ:NTWK) announced its quarterly earnings results on Tuesday. The software maker reported $0.06 earnings per share (EPS) for the quarter, Morningstar.com reports. NetSol Technologies had a negative return on equity of 4.82% and a negative net margin of 6.01%.

NetSol Technologies (NASDAQ NTWK) traded up $0.15 during trading hours on Tuesday, hitting $4.75. The company had a trading volume of 29,900 shares, compared to its average volume of 26,538. NetSol Technologies has a fifty-two week low of $3.09 and a fifty-two week high of $5.60.

In other news, CEO Najeeb Ghauri acquired 7,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was acquired at an average cost of $3.75 per share, for a total transaction of $26,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders have purchased 40,450 shares of company stock valued at $166,079. 11.05% of the stock is owned by corporate insiders.

Separately, ValuEngine upgraded NetSol Technologies from a “sell” rating to a “hold” rating in a report on Friday, December 1st.

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About NetSol Technologies

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.

Earnings History for NetSol Technologies (NASDAQ:NTWK)

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