NetSol Technologies (NASDAQ:NTWK) Issues Earnings Results

NetSol Technologies (NASDAQ:NTWK) released its quarterly earnings results on Monday. The software maker reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.24, Zacks reports. NetSol Technologies had a net margin of 2.49% and a return on equity of 4.24%.

NetSol Technologies Stock Up 1.3%

Shares of NASDAQ:NTWK opened at $4.96 on Monday. NetSol Technologies has a 12 month low of $2.73 and a 12 month high of $5.75. The company has a market cap of $58.98 million, a price-to-earnings ratio of 31.60 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 company has a 50-day moving average price of $4.23 and a 200 day moving average price of $4.09.

Wall Street Analysts Forecast Growth

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

NetSol Technologies Company Profile

NetSol Technologies, Inc is a global provider of enterprise software and technology services for the asset finance and leasing industry. The company develops solutions that help banks, manufacturers, equipment lessors and other finance companies manage leasing and lending operations, including contract administration, credit and risk processes, asset management, billing, collections and reporting.

Its product portfolio includes the NFS Ascent platform, a configurable solution designed to support the full lifecycle of asset finance and leasing transactions.