NetSol Technologies (NASDAQ:NTWK) Stock Price Passes Above 200-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 $3.63 and traded as high as $4.69. NetSol Technologies shares last traded at $4.50, with a volume of 61,461 shares.

Analyst Upgrades and Downgrades

Several analysts have recently commented on NTWK shares. Wall Street Zen raised shares of NetSol Technologies to a “strong-buy” rating in a report on Saturday, October 11th. Weiss Ratings restated a “hold (c)” rating on shares of NetSol Technologies in a research report on Tuesday, October 14th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

NetSol Technologies Stock Up 2.0%

The business has a 50-day simple moving average of $4.48 and a 200-day simple moving average of $3.63. The company has a market cap of $53.06 million, a PE ratio of 18.00 and a beta of 1.10.

NetSol Technologies (NASDAQ:NTWK) last announced its earnings results on Monday, September 29th. The software maker reported $0.22 earnings per share (EPS) for the quarter. NetSol Technologies had a return on equity of 7.40% and a net margin of 4.46%.The firm had revenue of $18.40 million for the quarter.

Institutional Trading of NetSol Technologies

Several institutional investors have recently modified their holdings of NTWK. Global Retirement Partners LLC purchased a new stake in shares of NetSol Technologies during the third quarter worth about $41,000. Bridgeway Capital Management LLC lifted its stake in NetSol Technologies by 9.9% in the 2nd quarter. Bridgeway Capital Management LLC now owns 53,708 shares of the software maker’s stock valued at $167,000 after buying an additional 4,816 shares in the last quarter. Finally, PFG Investments LLC acquired a new stake in NetSol Technologies in the 2nd quarter worth about $78,000. Institutional investors and hedge funds own 16.02% 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.