NetSol Technologies (NASDAQ:NTWK) Shares Pass Above 200 Day Moving Average – Time to Sell?

NetSol Technologies Inc. (NASDAQ:NTWK) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.47 and traded as high as $4.48. NetSol Technologies shares last traded at $4.42, with a volume of 6,434 shares.

Analyst Upgrades and Downgrades

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

NetSol Technologies Stock Performance

The firm has a market capitalization of $52.51 million, a price-to-earnings ratio of 29.47 and a beta of 0.92. The company has a fifty day moving average of $3.92 and a two-hundred day moving average of $3.47. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.94 and a current ratio of 1.94.

NetSol Technologies (NASDAQ:NTWK) last released its quarterly earnings results on Thursday, May 14th. The software maker reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.03. The business had revenue of $19.83 million during the quarter, compared to analysts’ expectations of $15.10 million. NetSol Technologies had a return on equity of 4.24% and a net margin of 2.49%.

Institutional Trading of NetSol Technologies

Several hedge funds have recently added to or reduced their stakes in the company. Evernest Financial Advisors LLC acquired a new stake in NetSol Technologies during the 4th quarter worth approximately $419,000. Geode Capital Management LLC raised its holdings 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 valued at $349,000 after acquiring an additional 3,890 shares in the last quarter. Mink Brook Asset Management LLC acquired a new position in NetSol Technologies in the 4th quarter valued at $331,000. Rothschild Wealth LLC acquired a new position in NetSol Technologies in the 4th quarter valued at $303,000. Finally, Empowered Funds LLC raised its holdings in NetSol Technologies by 9.0% in the 1st quarter. Empowered Funds LLC now owns 68,151 shares of the software maker’s stock valued at $231,000 after acquiring an additional 5,624 shares in the last quarter. 16.02% of the stock is owned by institutional investors and hedge funds.

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.