NetSol Technologies (NASDAQ:NTWK) Now Covered by StockNews.com

StockNews.com started coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a research note released on Thursday. The brokerage issued a buy rating on the software maker’s stock.

Separately, TheStreet upgraded shares of NetSol Technologies from a d rating to a c- rating in a research report on Tuesday, February 13th.

NetSol Technologies Stock Performance

NTWK stock traded down $0.10 during trading on Thursday, hitting $2.55. The company had a trading volume of 5,826 shares, compared to its average volume of 14,258. The firm has a 50-day moving average price of $2.79 and a 200-day moving average price of $2.39. NetSol Technologies has a 12 month low of $1.72 and a 12 month high of $3.05.

NetSol Technologies (NASDAQ:NTWK) last released its earnings results on Tuesday, February 13th. The software maker reported $0.04 EPS for the quarter. NetSol Technologies had a negative return on equity of 5.47% and a negative net margin of 3.68%. The company had revenue of $15.24 million during the quarter.

Insider Buying and Selling at NetSol Technologies

In other news, CFO Roger Kent Almond sold 9,264 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $2.88, for a total transaction of $26,680.32. Following the completion of the transaction, the chief financial officer now directly owns 20,736 shares in the company, valued at approximately $59,719.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 11.71% 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.