NetSol Technologies (NASDAQ:NTWK) Shares Pass Above 200 Day Moving Average – Here’s What Happened

NetSol Technologies Inc. (NASDAQ:NTWK)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.54 and traded as high as $3.57. NetSol Technologies shares last traded at $3.36, with a volume of 10,982 shares.

Analyst Ratings Changes

Separately, Weiss Ratings raised NetSol Technologies from a “sell (d)” rating to a “hold (c)” rating in a research note on Thursday, February 19th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, NetSol Technologies has a consensus rating of “Hold”.

NetSol Technologies Trading Down 4.3%

The stock has a market cap of $39.72 million, a PE ratio of 21.00 and a beta of 0.89. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.32 and a current ratio of 2.32. The stock has a fifty day moving average price of $3.43 and a 200 day moving average price of $3.54.

Hedge Funds Weigh In On NetSol Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Evernest Financial Advisors LLC purchased a new position in shares of NetSol Technologies in the 4th quarter worth approximately $419,000. Geode Capital Management LLC boosted its holdings in shares of NetSol Technologies by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 115,169 shares of the software maker’s stock worth $349,000 after purchasing an additional 3,890 shares during the period. Mink Brook Asset Management LLC purchased a new position in shares of NetSol Technologies in the 4th quarter worth approximately $331,000. Rothschild Wealth LLC purchased a new position in shares of NetSol Technologies in the 4th quarter worth approximately $303,000. Finally, Bridgeway Capital Management LLC boosted its holdings in shares of NetSol Technologies by 10.3% in the 4th quarter. Bridgeway Capital Management LLC now owns 65,027 shares of the software maker’s stock worth $197,000 after purchasing an additional 6,051 shares during the period. Hedge funds and other institutional investors own 16.02% of the company’s stock.

NetSol Technologies Company Profile

NetSol Technologies, Inc is a publicly traded enterprise software provider specializing in asset finance and leasing solutions. Headquartered in Calabasas, California, the company was founded in 1997 by Najeeb Ghauri, who continues to serve as its chief executive officer. NetSol has built a reputation for delivering end-to-end digital solutions tailored to the finance, leasing, and rental industries, enabling clients to streamline operations, improve customer engagement, and accelerate business growth.

The company’s flagship offering, NFS Ascent, is a configurable, modular platform that supports the entire contract lifecycle—from origination and credit approval through servicing and end-of-term processing.