NetSol Technologies (NASDAQ:NTWK) Stock Passes Above Two Hundred Day Moving Average of $2.35

NetSol Technologies, Inc. (NASDAQ:NTWK) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.35 and traded as high as $2.75. NetSol Technologies shares last traded at $2.75, with a volume of 7,721 shares changing hands.

Analysts Set New Price Targets

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

NetSol Technologies Price Performance

The stock has a market capitalization of $31.32 million, a price-to-earnings ratio of -15.28 and a beta of 1.13. The business has a fifty day moving average of $2.82 and a 200 day moving average of $2.35.

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

Insiders Place Their Bets

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

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.