NetSol Technologies (NASDAQ:NTWK) Shares Cross Above 200 Day Moving Average – What’s Next?

NetSol Technologies Inc. (NASDAQ:NTWK) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $3.94 and traded as high as $4.20. NetSol Technologies shares last traded at $4.10, with a volume of 5,667 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of NetSol Technologies in a research note on Friday, August 14th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, NetSol Technologies presently has an average rating of “Hold”.

NetSol Technologies Trading Up 0.7%

The firm’s 50 day simple moving average is $4.36 and its two-hundred day simple moving average is $3.94. 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 stock has a market capitalization of $48.22 million, a P/E ratio of 27.07 and a beta of 0.93.

Institutional Trading of NetSol Technologies

Several hedge funds have recently added to or reduced their stakes in NTWK. Bridgeway Capital Management LLC lifted its stake in shares of NetSol Technologies by 9.9% during the 2nd quarter. Bridgeway Capital Management LLC now owns 53,708 shares of the software maker’s stock valued at $167,000 after buying an additional 4,816 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of NetSol Technologies by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 115,169 shares of the software maker’s stock valued at $349,000 after purchasing an additional 3,890 shares during the period. Empowered Funds LLC lifted its holdings in NetSol Technologies by 10.7% during the 4th quarter. Empowered Funds LLC now owns 62,527 shares of the software maker’s stock worth $189,000 after purchasing an additional 6,051 shares in the last quarter. Jane Street Group LLC bought a new position in NetSol Technologies in the 4th quarter worth about $82,000. Finally, Mink Brook Asset Management LLC bought a new position in shares of NetSol Technologies in the fourth quarter valued at approximately $331,000. Institutional investors own 16.02% of the company’s stock.

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.