NetSol Technologies, Inc. (NASDAQ:NTWK – Get Free Report)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.32 and traded as high as $2.70. NetSol Technologies shares last traded at $2.65, with a volume of 11,703 shares changing hands.
Analyst Upgrades and Downgrades
NTWK has been the subject of several recent research reports. StockNews.com initiated coverage on shares of NetSol Technologies in a research report on Tuesday. They issued a “buy” rating for the company. TheStreet raised shares of NetSol Technologies from a “d” rating to a “c-” rating in a research report on Tuesday, February 13th.
Read Our Latest Stock Analysis on NTWK
NetSol Technologies Price Performance
NetSol Technologies (NASDAQ:NTWK – Get Free Report) last released its quarterly earnings results on Tuesday, February 13th. The software maker reported $0.04 earnings per share for the quarter. NetSol Technologies had a negative net margin of 3.68% and a negative return on equity of 5.47%. The business had revenue of $15.24 million during the quarter.
Insider Transactions at NetSol Technologies
In related news, CFO Roger Kent Almond sold 9,264 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $2.88, for a total transaction of $26,680.32. Following the transaction, the chief financial officer now directly owns 20,736 shares in the company, valued at $59,719.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 11.71% of the company’s stock.
Hedge Funds Weigh In On NetSol Technologies
A hedge fund recently raised its stake in NetSol Technologies stock. Vanguard Group Inc. raised its stake in NetSol Technologies, Inc. (NASDAQ:NTWK – Free Report) by 9.6% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 649,497 shares of the software maker’s stock after buying an additional 57,003 shares during the quarter. Vanguard Group Inc. owned approximately 5.71% of NetSol Technologies worth $1,176,000 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.
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