NetSol Technologies (NASDAQ:NTWK) Coverage Initiated by Analysts at Noble Financial

Noble Financial began coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a report published on Friday,Zacks reports. The brokerage issued a strong-buy rating on the software maker’s stock.

A number of other research firms have also recently commented on NTWK. Zacks Research upgraded NetSol Technologies to a “hold” rating in a research note on Thursday, October 22nd. Wall Street Zen cut NetSol Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Weiss Ratings upgraded NetSol Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $9.00.

NetSol Technologies Trading Down 4.9%

Shares of NTWK stock traded down $0.26 during trading hours on Friday, reaching $5.02. The company’s stock had a trading volume of 214,194 shares, compared to its average volume of 166,780. The stock has a market capitalization of $59.99 million, a P/E ratio of 10.91 and a beta of 0.91. NetSol Technologies has a one year low of $2.80 and a one year high of $8.46. The firm’s fifty day simple moving average is $5.93 and its 200 day simple moving average is $4.44.

NetSol Technologies (NASDAQ:NTWK) last announced its quarterly earnings results on Thursday, November 12th. The software maker reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. The company had revenue of $16.41 million during the quarter, compared to analyst estimates of $16.51 million. NetSol Technologies had a return on equity of 12.18% and a net margin of 7.27%. As a group, equities research analysts forecast that NetSol Technologies will post 0.43 earnings per share for the current fiscal year.

Institutional Trading of NetSol Technologies

A hedge fund recently raised its stake in NetSol Technologies stock. Empowered Funds LLC grew its stake in shares of NetSol Technologies Inc. (NASDAQ:NTWK) by 9.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 68,151 shares of the software maker’s stock after acquiring an additional 5,624 shares during the quarter. Empowered Funds LLC owned about 0.57% of NetSol Technologies worth $231,000 as of its most recent SEC filing. Institutional investors own 16.02% of the company’s stock.

About NetSol Technologies

NetSol Technologies, Inc. develops enterprise software and provides technology services, primarily for the global asset finance and leasing industry. Its customers include businesses that finance vehicles, equipment and other assets. The company’s offerings include the NFS Ascent platform, which supports finance and leasing operations such as loan and lease origination, contract management and servicing. NetSol also provides software implementation, consulting and related technology services. Founded in 1997, NetSol serves clients across North America, Europe and Asia-Pacific, among other markets.