NetSol Technologies (NASDAQ:NTWK) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

NetSol Technologies Inc. (NASDAQ:NTWK)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.90 and traded as high as $4.30. NetSol Technologies shares last traded at $4.20, with a volume of 17,360 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of NetSol Technologies in a report on Tuesday, May 19th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, NetSol Technologies currently has a consensus rating of “Hold”.

NetSol Technologies Price Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 1.94 and a quick ratio of 1.94. The business has a 50 day simple moving average of $4.41 and a 200 day simple moving average of $3.91. The company has a market capitalization of $49.30 million, a price-to-earnings ratio of 27.67 and a beta of 0.93.

NetSol Technologies (NASDAQ:NTWK) last released its quarterly earnings results on Thursday, May 14th. The software maker reported $0.11 EPS 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 analyst estimates of $15.10 million. NetSol Technologies had a return on equity of 4.24% and a net margin of 2.49%.

Hedge Funds Weigh In On NetSol Technologies

Institutional investors have recently bought and sold shares of the company. Evernest Financial Advisors LLC acquired a new stake in shares of NetSol Technologies during the fourth quarter worth about $419,000. Geode Capital Management LLC grew its holdings in shares of NetSol Technologies by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 115,169 shares of the software maker’s stock valued at $349,000 after purchasing an additional 3,890 shares in the last quarter. Mink Brook Asset Management LLC acquired a new position in shares of NetSol Technologies in the fourth quarter valued at approximately $331,000. Rothschild Wealth LLC acquired a new position in shares of NetSol Technologies in the fourth quarter valued at approximately $303,000. Finally, Empowered Funds LLC increased its stake in NetSol Technologies by 9.0% during the 1st quarter. Empowered Funds LLC now owns 68,151 shares of the software maker’s stock worth $231,000 after buying an additional 5,624 shares during the period. 16.02% of the stock is owned by institutional investors and hedge funds.

NetSol Technologies Company Profile

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.