NetSol Technologies (NASDAQ:NTWK) Earns Buy Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a report issued on Tuesday. The firm issued a buy rating on the software maker’s stock.

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

NetSol Technologies Stock Performance

NASDAQ:NTWK opened at $2.68 on Tuesday. NetSol Technologies has a 12-month low of $1.72 and a 12-month high of $3.05. The stock’s fifty day simple moving average is $2.81 and its 200-day simple moving average is $2.33.

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

Insiders Place Their Bets

In other NetSol Technologies news, CFO Roger Kent Almond sold 9,264 shares of NetSol Technologies 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 transaction, the chief financial officer now directly owns 20,736 shares in the company, valued at $59,719.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 11.71% of the company’s stock.

Institutional Trading of NetSol Technologies

An institutional investor recently raised its position in NetSol Technologies stock. Vanguard Group Inc. raised its position in NetSol Technologies, Inc. (NASDAQ:NTWK) by 9.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 649,497 shares of the software maker’s stock after purchasing an additional 57,003 shares during the quarter. Vanguard Group Inc. owned 5.71% of NetSol Technologies worth $1,176,000 at the end of the most recent reporting period. Institutional investors own 16.02% 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.