NetSol Technologies (NASDAQ:NTWK) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a research note issued to investors on Thursday. The brokerage set a “buy” rating on the software maker’s stock.

Separately, TheStreet raised shares of NetSol Technologies from a “d” rating to a “c-” rating in a research note on Tuesday, February 13th.

NetSol Technologies Stock Performance

NTWK opened at $2.55 on Thursday. The business has a 50 day moving average of $2.80 and a 200-day moving average of $2.38. NetSol Technologies has a 52 week low of $1.72 and a 52 week high of $3.05.

NetSol Technologies (NASDAQ:NTWK) last released its 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 firm had revenue of $15.24 million for the quarter.

Insider Activity

In other NetSol Technologies news, CFO Roger Kent Almond sold 9,264 shares of NetSol Technologies stock in a transaction dated Wednesday, March 20th. The shares were 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 directly owns 20,736 shares of the company’s stock, valued at $59,719.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 11.71% of the company’s stock.

NetSol Technologies Company Profile

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.