NetSol Technologies (NASDAQ:NTWK) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Shares of NetSol Technologies Inc. (NASDAQ:NTWK) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.38 and traded as high as $4.74. NetSol Technologies shares last traded at $4.70, with a volume of 61,308 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of NetSol Technologies in a research report on Tuesday, May 19th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, NetSol Technologies presently has a consensus rating of “Hold”.

NetSol Technologies Stock 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 stock has a market capitalization of $55.36 million, a PE ratio of 31.07 and a beta of 0.81. The stock’s 50 day simple moving average is $3.74 and its two-hundred day simple moving average is $3.39.

NetSol Technologies (NASDAQ:NTWK) last released its earnings results on Thursday, May 14th. The software maker reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The firm had revenue of $19.83 million for the quarter, compared to analysts’ expectations of $15.10 million. NetSol Technologies had a net margin of 2.49% and a return on equity of 4.24%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hillsdale Investment Management Inc. purchased a new position in NetSol Technologies in the third quarter valued at about $37,000. Thompson Davis & CO. Inc. purchased a new stake in shares of NetSol Technologies during the 3rd quarter valued at approximately $54,000. IFP Advisors Inc lifted its stake in shares of NetSol Technologies by 33,588.0% during the 3rd quarter. IFP Advisors Inc now owns 16,844 shares of the software maker’s stock valued at $80,000 after buying an additional 16,794 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of NetSol Technologies during the 4th quarter valued at approximately $58,000. Finally, Jane Street Group LLC purchased a new stake in shares of NetSol Technologies during the 4th quarter valued at approximately $82,000. 16.02% of the stock is currently owned by hedge funds and other institutional investors.

About NetSol Technologies

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.