NetSol Technologies (NASDAQ:NTWK) Earns “Hold (C)” Rating from Weiss Ratings

NetSol Technologies (NASDAQ:NTWK)‘s stock had its “hold (c)” rating restated by investment analysts at Weiss Ratings in a note issued to investors on Tuesday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded NetSol Technologies to a “strong-buy” rating in a research report on Saturday, October 11th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

NetSol Technologies Price Performance

NetSol Technologies stock opened at $4.50 on Tuesday. NetSol Technologies has a 12-month low of $2.14 and a 12-month high of $5.75. The business’s 50-day moving average price is $4.41 and its two-hundred day moving average price is $3.47. The stock has a market cap of $53.06 million, a PE ratio of 18.00 and a beta of 1.10.

NetSol Technologies (NASDAQ:NTWK) last released its earnings results on Monday, September 29th. The software maker reported $0.22 earnings per share (EPS) for the quarter. NetSol Technologies had a return on equity of 7.40% and a net margin of 4.46%.The firm had revenue of $18.40 million for the quarter.

Institutional Trading of NetSol Technologies

An institutional investor recently bought a new position in NetSol Technologies stock. PFG Investments LLC purchased a new stake in shares of NetSol Technologies Inc. (NASDAQ:NTWK) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 25,000 shares of the software maker’s stock, valued at approximately $78,000. PFG Investments LLC owned approximately 0.21% of NetSol Technologies at the end of the most recent quarter. 16.02% of the stock is currently owned by institutional investors.

About NetSol Technologies

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.