NetSol Technologies (NASDAQ:NTWK) Shares Pass Above 200-Day Moving Average – Here’s What Happened

NetSol Technologies Inc. (NASDAQ:NTWK) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.55 and traded as high as $4.60. NetSol Technologies shares last traded at $4.28, with a volume of 20,986 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of NetSol Technologies in a research report on Tuesday, May 19th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, NetSol Technologies has an average rating of “Hold”.

NetSol Technologies Price Performance

The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.01. The firm has a market cap of $50.85 million, a PE ratio of 28.54 and a beta of 0.92. The stock has a 50 day moving average price of $4.07 and a two-hundred day moving average price of $3.55.

NetSol Technologies (NASDAQ:NTWK) last announced its quarterly earnings data on Thursday, May 14th. The software maker reported $0.11 EPS for the quarter, beating the consensus estimate of $0.08 by $0.03. The firm had revenue of $19.83 million during the quarter, compared to analyst estimates of $15.10 million. NetSol Technologies had a net margin of 2.49% and a return on equity of 4.24%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Evernest Financial Advisors LLC purchased a new stake in shares of NetSol Technologies during the fourth quarter valued at $419,000. Geode Capital Management LLC raised its stake in NetSol Technologies by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 115,169 shares of the software maker’s stock worth $349,000 after acquiring an additional 3,890 shares during the last quarter. Rothschild Wealth LLC purchased a new position in NetSol Technologies in the 4th quarter worth $303,000. Bridgeway Capital Management LLC raised its stake in NetSol Technologies by 9.8% in the 3rd quarter. Bridgeway Capital Management LLC now owns 58,976 shares of the software maker’s stock worth $280,000 after acquiring an additional 5,268 shares during the last quarter. Finally, Empowered Funds LLC lifted its position in NetSol Technologies by 10.7% during the 4th quarter. Empowered Funds LLC now owns 62,527 shares of the software maker’s stock worth $189,000 after acquiring an additional 6,051 shares during the period. Hedge funds and other institutional investors own 16.02% of the company’s stock.

About NetSol Technologies

NetSol Technologies, Inc is a publicly traded enterprise software provider specializing in asset finance and leasing solutions. Headquartered in Calabasas, California, the company was founded in 1997 by Najeeb Ghauri, who continues to serve as its chief executive officer. NetSol has built a reputation for delivering end-to-end digital solutions tailored to the finance, leasing, and rental industries, enabling clients to streamline operations, improve customer engagement, and accelerate business growth.

The company’s flagship offering, NFS Ascent, is a configurable, modular platform that supports the entire contract lifecycle—from origination and credit approval through servicing and end-of-term processing.