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

NetSol Technologies, Inc. (NASDAQ:NTWK)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-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 trading hands.

Analysts Set New Price Targets

A number of brokerages have weighed in on NTWK. StockNews.com began coverage on NetSol Technologies in a research report on Tuesday. They issued a “buy” rating on the stock. TheStreet upgraded NetSol Technologies from a “d” rating to a “c-” rating in a research report on Tuesday, February 13th.

NetSol Technologies Price Performance

The company has a market cap of $30.18 million, a price-to-earnings ratio of -14.72 and a beta of 1.13. The business has a 50 day simple moving average of $2.78 and a 200 day simple moving average of $2.32.

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

Insiders Place Their Bets

In other NetSol Technologies news, CFO Roger Kent Almond sold 9,264 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $2.88, for a total value of $26,680.32. Following the transaction, the chief financial officer now owns 20,736 shares of the company’s stock, valued at $59,719.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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. increased its position in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 9.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 649,497 shares of the software maker’s stock after acquiring an additional 57,003 shares during the quarter. Vanguard Group Inc. owned about 5.71% of NetSol Technologies worth $1,176,000 at the end of the most recent quarter. 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.