NetSol Technologies Inc. (NASDAQ:NTWK) was upgraded by equities research analysts at TheStreet from a “hold” rating to a “buy” rating in a research note issued on Thursday.
Separately, Zacks Investment Research upgraded shares of NetSol Technologies from a “sell” rating to a “hold” rating in a report on Saturday, June 4th.
Shares of NetSol Technologies (NASDAQ:NTWK) remained flat at $6.26 during trading on Thursday. 64,542 shares of the company’s stock were exchanged. The company has a market capitalization of $66.89 million, a P/E ratio of 19.56 and a beta of 0.69. NetSol Technologies has a 52-week low of $5.02 and a 52-week high of $9.50. The firm has a 50 day moving average price of $6.10 and a 200-day moving average price of $6.30.
NetSol Technologies (NASDAQ:NTWK) last issued its quarterly earnings data on Thursday, September 15th. The company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.08. NetSol Technologies had a net margin of 5.27% and a return on equity of 4.56%. The business earned $19.10 million during the quarter. On average, equities research analysts forecast that NetSol Technologies will post $0.20 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC raised its position in NetSol Technologies by 1.8% in the first quarter. Acadian Asset Management LLC now owns 39,284 shares of the company’s stock valued at $274,000 after buying an additional 704 shares during the last quarter. Algert Global LLC raised its position in NetSol Technologies by 26.5% in the first quarter. Algert Global LLC now owns 46,069 shares of the company’s stock valued at $322,000 after buying an additional 9,660 shares during the last quarter. Geode Capital Management LLC raised its position in NetSol Technologies by 6.0% in the first quarter. Geode Capital Management LLC now owns 52,458 shares of the company’s stock valued at $366,000 after buying an additional 2,967 shares during the last quarter. Simmons Bank acquired a new position in NetSol Technologies during the first quarter valued at about $688,000. Finally, Royal Bank of Canada raised its position in NetSol Technologies by 57.2% in the first quarter. Royal Bank of Canada now owns 30,657 shares of the company’s stock valued at $214,000 after buying an additional 11,157 shares during the last quarter. Hedge funds and other institutional investors own 15.01% of the company’s stock.
About NetSol Technologies
NetSol Technologies, Inc is a provider of information technology (IT) and enterprise software solutions. The Company’s primary source of revenue is the licensing, customization, enhancement and maintenance of its suite of financial applications under the brand name NetSol Financial Suite (NFS) and NFS Ascent for businesses in the global lease and finance industry.
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