NetSol Technologies (NASDAQ:NTWK) Share Price Passes Above 200-Day Moving Average – What’s Next?

NetSol Technologies Inc. (NASDAQ:NTWK)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.79 and traded as high as $4.55. NetSol Technologies shares last traded at $4.35, with a volume of 3,528 shares trading hands.

Analysts Set New Price Targets

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

NetSol Technologies Stock Down 0.2%

The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average price of $4.44 and a 200-day moving average price of $3.79. The firm has a market capitalization of $51.68 million, a PE ratio of 29.00 and a beta of 0.92.

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

Hedge Funds Weigh In On NetSol Technologies

A number of institutional investors have recently bought and sold shares of the company. IFP Advisors Inc grew its stake in shares of NetSol Technologies by 33,588.0% in 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 during the period. XTX Topco Ltd purchased a new position in NetSol Technologies in the fourth quarter worth approximately $58,000. Jane Street Group LLC acquired a new stake in NetSol Technologies during the fourth quarter worth $82,000. Bridgeway Capital Management LLC raised its position in NetSol Technologies by 9.9% in the second quarter. Bridgeway Capital Management LLC now owns 53,708 shares of the software maker’s stock valued at $167,000 after purchasing an additional 4,816 shares during the period. Finally, Empowered Funds LLC lifted its stake in shares of NetSol Technologies by 10.7% in the 4th quarter. Empowered Funds LLC now owns 62,527 shares of the software maker’s stock valued at $189,000 after purchasing an additional 6,051 shares during the last quarter. 16.02% of the stock is 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.