NetSol Technologies (NASDAQ:NTWK) Earns Daily Coverage Optimism Score of 0.12
Media coverage about NetSol Technologies (NASDAQ:NTWK) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. NetSol Technologies earned a news impact score of 0.12 on Accern’s scale. Accern also gave news headlines about the software maker an impact score of 46.2898399711144 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Separately, ValuEngine upgraded shares of NetSol Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, May 24th.
Shares of NetSol Technologies (NASDAQ NTWK) traded down 1.12% during mid-day trading on Tuesday, hitting $4.40. 23,075 shares of the stock were exchanged. The stock’s 50 day moving average is $4.13 and its 200 day moving average is $4.64. The firm has a market cap of $48.83 million, a P/E ratio of 200.00 and a beta of 0.72. NetSol Technologies has a 12 month low of $3.80 and a 12 month high of $7.00.
NetSol Technologies (NASDAQ:NTWK) last issued its quarterly earnings data on Monday, May 22nd. The software maker reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.07. NetSol Technologies had a return on equity of 0.05% and a net margin of 0.05%. The company had revenue of $17.95 million for the quarter, compared to the consensus estimate of $17.75 million. Analysts expect that NetSol Technologies will post ($0.19) EPS for the current fiscal year.
NetSol Technologies announced that its Board of Directors has authorized a share repurchase plan on Tuesday, July 18th that authorizes the company to buyback 500,000 outstanding shares. This buyback authorization authorizes the software maker to buy shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.
NetSol Technologies Company Profile
NetSol Technologies, Inc is a provider of information technology (IT) and enterprise software solutions. The Company is engaged in the licensing, customization, enhancement and maintenance of its suite of financial applications under the brand names, NetSol Financial Suite (NFS) and NFS Ascent, for businesses in the lease and finance industry.
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