NetSol Technologies (NTWK) Receiving Somewhat Favorable Media Coverage, Accern Reports
News headlines about NetSol Technologies (NASDAQ:NTWK) have trended somewhat positive on Sunday, according to Accern. Accern scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. NetSol Technologies earned a coverage optimism score of 0.08 on Accern’s scale. Accern also assigned media coverage about the software maker an impact score of 45.8945778812987 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Separately, ValuEngine raised NetSol Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, May 24th.
NetSol Technologies (NTWK) traded down 1.12% during midday trading on Friday, reaching $4.40. The company’s stock had a trading volume of 28,190 shares. The company has a market cap of $48.83 million, a P/E ratio of 200.00 and a beta of 0.72. The firm has a 50 day moving average price of $4.26 and a 200-day moving average price of $4.58. NetSol Technologies has a 12-month low of $3.80 and a 12-month high of $7.00.
NetSol Technologies (NASDAQ:NTWK) last released its quarterly earnings data on Monday, May 22nd. The software maker reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.07. The company had revenue of $17.95 million for the quarter, compared to the consensus estimate of $17.75 million. NetSol Technologies had a return on equity of 0.05% and a net margin of 0.05%. On average, equities research analysts predict that NetSol Technologies will post ($0.19) earnings per share for the current fiscal year.
NetSol Technologies declared that its Board of Directors has initiated a share buyback plan on Tuesday, July 18th that authorizes the company to repurchase 500,000 outstanding shares. This repurchase authorization authorizes the software maker to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
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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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