NetSol Technologies (NASDAQ:NTWK) Stock Rating Upgraded by Wall Street Zen

NetSol Technologies (NASDAQ:NTWK) was upgraded by equities researchers at Wall Street Zen to a “strong-buy” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of NetSol Technologies in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, NetSol Technologies presently has a consensus rating of “Hold”.

NetSol Technologies Trading Down 3.3%

NTWK opened at $4.42 on Friday. The stock has a 50-day moving average price of $4.40 and a 200-day moving average price of $3.43. NetSol Technologies has a 12-month low of $2.14 and a 12-month high of $5.75. The stock has a market capitalization of $52.11 million, a P/E ratio of 17.68 and a beta of 1.10.

NetSol Technologies (NASDAQ:NTWK) last posted its quarterly earnings data on Monday, September 29th. The software maker reported $0.22 earnings per share (EPS) for the quarter. NetSol Technologies had a return on equity of 7.40% and a net margin of 4.46%.The firm had revenue of $18.40 million during the quarter.

Insider Buying and Selling at NetSol Technologies

In related news, President Naeem Ghauri purchased 18,279 shares of the business’s stock in a transaction that occurred on Monday, July 14th. The shares were bought at an average price of $3.85 per share, for a total transaction of $70,374.15. Following the purchase, the president directly owned 459,853 shares of the company’s stock, valued at approximately $1,770,434.05. This represents a 4.14% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 14.95% of the stock is owned by insiders.

Institutional Trading of NetSol Technologies

A hedge fund recently bought a new stake in NetSol Technologies stock. PFG Investments LLC purchased a new position in NetSol Technologies Inc. (NASDAQ:NTWK) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 25,000 shares of the software maker’s stock, valued at approximately $78,000. PFG Investments LLC owned about 0.21% of NetSol Technologies as of its most recent SEC filing. Institutional investors own 16.02% of the company’s stock.

About NetSol Technologies

NetSol Technologies, Inc designs, develops, markets, and exports enterprise software solutions to the automobile financing and leasing, banking, and financial services industries worldwide. The company offers NFS Ascent, a suite of financial applications for businesses in the finance and leasing industry.