NetSol Technologies (NASDAQ:NTWK) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

NetSol Technologies Inc. (NASDAQ:NTWK)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.62 and traded as high as $4.71. NetSol Technologies shares last traded at $4.62, with a volume of 23,629 shares traded.

Analyst Ratings Changes

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

NetSol Technologies Price Performance

The stock has a fifty day moving average of $4.21 and a two-hundred day moving average of $3.62. The stock has a market capitalization of $54.89 million, a price-to-earnings ratio of 30.80 and a beta of 0.92. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.01.

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

Hedge Funds Weigh In On NetSol Technologies

Institutional investors have recently modified their holdings of the stock. XTX Topco Ltd bought a new position in shares of NetSol Technologies in the fourth quarter worth about $58,000. IFP Advisors Inc grew its stake in shares of NetSol Technologies by 33,588.0% during the third quarter. IFP Advisors Inc now owns 16,844 shares of the software maker’s stock valued at $80,000 after purchasing an additional 16,794 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of NetSol Technologies during the fourth quarter valued at approximately $82,000. Bridgeway Capital Management LLC increased its holdings in shares of NetSol Technologies by 9.9% in the second quarter. Bridgeway Capital Management LLC now owns 53,708 shares of the software maker’s stock valued at $167,000 after purchasing an additional 4,816 shares in the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of NetSol Technologies by 10.7% in the fourth quarter. Empowered Funds LLC now owns 62,527 shares of the software maker’s stock valued at $189,000 after purchasing an additional 6,051 shares in the last quarter. 16.02% of the stock is owned by institutional investors.

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.