NetSol Technologies (NASDAQ:NTWK) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

NetSol Technologies Inc. (NASDAQ:NTWK)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.85 and traded as high as $4.45. NetSol Technologies shares last traded at $4.25, with a volume of 39,206 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of NetSol Technologies in a research report on Tuesday, May 19th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

NetSol Technologies Price Performance

The firm has a market cap of $50.85 million, a price-to-earnings ratio of 28.54 and a beta of 0.93. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.01. The stock’s fifty day moving average price is $4.46 and its 200-day moving average price is $3.86.

NetSol Technologies (NASDAQ:NTWK) last released its quarterly earnings data on Thursday, May 14th. The software maker reported $0.11 EPS 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 return on equity of 4.24% and a net margin of 2.49%.

Hedge Funds Weigh In On NetSol Technologies

Several large investors have recently modified their holdings of NTWK. Evernest Financial Advisors LLC acquired a new stake in shares of NetSol Technologies during the 4th quarter worth about $419,000. Geode Capital Management LLC raised its holdings in NetSol Technologies by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 115,169 shares of the software maker’s stock valued at $349,000 after buying an additional 3,890 shares during the period. Mink Brook Asset Management LLC acquired a new position in NetSol Technologies in the fourth quarter valued at about $331,000. Rothschild Wealth LLC acquired a new position in NetSol Technologies in the fourth quarter valued at about $303,000. Finally, Empowered Funds LLC boosted its stake in NetSol Technologies by 9.0% during the first quarter. Empowered Funds LLC now owns 68,151 shares of the software maker’s stock worth $231,000 after buying an additional 5,624 shares during the period. Institutional investors and hedge funds own 16.02% of the company’s stock.

NetSol Technologies Company Profile

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.