NetSol Technologies Inc. (NASDAQ:NTWK) Director Naeem Ghauri Purchases 5,000 Shares

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NetSol Technologies Inc. (NASDAQ:NTWK) Director Naeem Ghauri purchased 5,000 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was acquired at an average cost of $3.82 per share, for a total transaction of $19,100.00.

NASDAQ:NTWK traded down $0.03 during trading hours on Monday, reaching $3.82. 27,914 shares of the company were exchanged, compared to its average volume of 36,308. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.65 and a quick ratio of 2.65. The firm has a market cap of $44.79 million, a price-to-earnings ratio of 5.16, a PEG ratio of 3.77 and a beta of 0.48. NetSol Technologies Inc. has a 52-week low of $3.60 and a 52-week high of $8.27. The stock has a 50 day simple moving average of $4.64 and a 200 day simple moving average of $5.39.

NetSol Technologies (NASDAQ:NTWK) last announced its quarterly earnings data on Tuesday, November 12th. The software maker reported ($0.16) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.31). NetSol Technologies had a net margin of 8.91% and a return on equity of 11.19%. The company had revenue of $13.57 million for the quarter, compared to analysts’ expectations of $15.20 million. On average, analysts predict that NetSol Technologies Inc. will post 0.06 EPS for the current fiscal year.

Several analysts have commented on NTWK shares. TheStreet cut NetSol Technologies from a “b-” rating to a “c-” rating in a report on Tuesday, December 3rd. Zacks Investment Research lowered shares of NetSol Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 21st. Finally, ValuEngine lowered shares of NetSol Technologies from a “hold” rating to a “sell” rating in a report on Friday, November 15th.

Several institutional investors and hedge funds have recently modified their holdings of NTWK. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in NetSol Technologies by 10.2% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 30,325 shares of the software maker’s stock valued at $170,000 after acquiring an additional 2,800 shares during the last quarter. BlackRock Inc. grew its position in NetSol Technologies by 1.2% during the second quarter. BlackRock Inc. now owns 342,983 shares of the software maker’s stock valued at $1,918,000 after acquiring an additional 4,086 shares during the period. Municipal Employees Retirement System of Michigan grew its position in NetSol Technologies by 39.6% during the second quarter. Municipal Employees Retirement System of Michigan now owns 64,310 shares of the software maker’s stock valued at $359,000 after acquiring an additional 18,240 shares during the period. California Public Employees Retirement System increased its stake in NetSol Technologies by 5.8% during the third quarter. California Public Employees Retirement System now owns 165,580 shares of the software maker’s stock worth $919,000 after acquiring an additional 9,100 shares during the last quarter. Finally, Acadian Asset Management LLC increased its stake in NetSol Technologies by 4.6% during the second quarter. Acadian Asset Management LLC now owns 94,208 shares of the software maker’s stock worth $527,000 after acquiring an additional 4,125 shares during the last quarter. 29.72% of the stock is currently owned by institutional investors and hedge funds.

NetSol Technologies Company Profile

NetSol Technologies, Inc designs, develops, markets, and exports software products to the automobile financing and leasing, banking, and financial services industries worldwide. It also provides system integration, consulting, and IT products and services. The company offers NetSol Financial Suite (NFS), an end-to-end solution covering leasing and finance cycle for the asset finance industry; and NFS Ascent platform, a lease accounting and contract processing engine.

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