NetSol Technologies (NASDAQ:NTWK) Stock Passes Above Two Hundred Day Moving Average of $2.35

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 $2.35 and traded as high as $2.75. NetSol Technologies shares last traded at $2.75, with a volume of 7,721 shares traded.

Analyst Ratings Changes

Several equities research analysts recently issued reports on NTWK shares. TheStreet upgraded NetSol Technologies from a “d” rating to a “c-” rating in a report on Tuesday, February 13th. StockNews.com started coverage on NetSol Technologies in a report on Wednesday. They set a “buy” rating for the company.

NetSol Technologies Stock Performance

The stock has a market cap of $31.32 million, a P/E ratio of -15.28 and a beta of 1.13. The business has a 50 day simple moving average of $2.82 and a 200-day simple moving average of $2.35.

NetSol Technologies (NASDAQ:NTWK) last announced its quarterly earnings data on Tuesday, February 13th. The software maker reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $15.24 million during the quarter. NetSol Technologies had a negative return on equity of 5.47% and a negative net margin of 3.68%.

Insider Buying and Selling at NetSol Technologies

In other NetSol Technologies news, CFO Roger Kent Almond sold 9,264 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $2.88, for a total value of $26,680.32. Following the completion of the transaction, the chief financial officer now owns 20,736 shares in the company, valued at approximately $59,719.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 11.71% 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.