Naeem Ghauri Purchases 5,000 Shares of NetSol Technologies Inc. (NTWK) Stock
NetSol Technologies Inc. (NASDAQ:NTWK) Director Naeem Ghauri acquired 5,000 shares of NetSol Technologies stock in a transaction on Tuesday, November 28th. The shares were bought at an average price of $4.50 per share, for a total transaction of $22,500.00. Following the completion of the purchase, the director now directly owns 346,875 shares in the company, valued at $1,560,937.50. The purchase was disclosed in a legal filing with the SEC, which is available through this link.
NetSol Technologies Inc. (NASDAQ NTWK) traded up $0.10 during midday trading on Friday, reaching $4.45. NetSol Technologies Inc. has a twelve month low of $3.09 and a twelve month high of $5.65.
NetSol Technologies (NASDAQ:NTWK) last posted its quarterly earnings data on Wednesday, September 27th. The software maker reported ($0.28) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.26). NetSol Technologies had a negative net margin of 6.01% and a negative return on equity of 4.82%. The company had revenue of $14.48 million for the quarter.
A hedge fund recently raised its stake in NetSol Technologies stock. Municipal Employees Retirement System of Michigan raised its stake in shares of NetSol Technologies Inc. (NASDAQ:NTWK) by 25.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 76,250 shares of the software maker’s stock after acquiring an additional 15,380 shares during the quarter. Municipal Employees Retirement System of Michigan owned approximately 0.69% of NetSol Technologies worth $301,000 at the end of the most recent quarter. 19.20% of the stock is owned by institutional investors and hedge funds.
NTWK has been the topic of a number of research analyst reports. TheStreet downgraded shares of NetSol Technologies from a “c-” rating to a “d” rating in a research note on Thursday, September 28th. ValuEngine upgraded shares of NetSol Technologies from a “sell” rating to a “hold” rating in a research note on Friday, December 1st.
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About NetSol Technologies
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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