NetSol Technologies (NASDAQ:NTWK) Share Price Crosses Above 200 Day Moving Average of $2.32

NetSol Technologies, Inc. (NASDAQ:NTWK) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.32 and traded as high as $2.70. NetSol Technologies shares last traded at $2.65, with a volume of 11,703 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on NTWK shares. TheStreet raised shares of NetSol Technologies from a “d” rating to a “c-” rating in a research report on Tuesday, February 13th. StockNews.com initiated coverage on shares of NetSol Technologies in a research report on Tuesday. They issued a “buy” rating on the stock.

NetSol Technologies Stock Down 1.5 %

The firm has a market cap of $30.41 million, a P/E ratio of -15.00 and a beta of 1.12. The firm’s 50-day simple moving average is $2.79 and its 200 day simple moving average is $2.32.

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

Insider Transactions at NetSol Technologies

In other news, CFO Roger Kent Almond sold 9,264 shares of NetSol Technologies stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $2.88, for a total value of $26,680.32. Following the completion of the transaction, the chief financial officer now owns 20,736 shares in the company, valued at $59,719.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 11.71% of the company’s stock.

Hedge Funds Weigh In On NetSol Technologies

An institutional investor recently raised its position in NetSol Technologies stock. Vanguard Group Inc. grew its stake in NetSol Technologies, Inc. (NASDAQ:NTWK) by 9.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 649,497 shares of the software maker’s stock after buying an additional 57,003 shares during the period. Vanguard Group Inc. owned approximately 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.