NetSol Technologies (NTWK) Scheduled to Post Quarterly Earnings on Thursday

Posted by Editorial Team on May 8th, 2024

NetSol Technologies (NASDAQ:NTWK – Get Free Report) is scheduled to post its quarterly earnings results before the market opens on Thursday, May 9th. Individual that wish to register for the company’s earnings conference call can do so using this link.

NetSol Technologies (NASDAQ:NTWK – Get Free Report) last announced its 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 firm had revenue of $15.24 million for the quarter.

NetSol Technologies Price Performance

Shares of NTWK opened at $2.58 on Wednesday. The business has a 50-day moving average of $2.78 and a 200-day moving average of $2.40. The company has a market capitalization of $29.41 million, a price-to-earnings ratio of -14.33 and a beta of 1.12. NetSol Technologies has a 1 year low of $1.72 and a 1 year high of $3.05.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on NTWK shares. StockNews.com started coverage on NetSol Technologies in a report on Thursday, May 2nd. They set a “buy” rating on the stock. TheStreet raised shares of NetSol Technologies from a “d” rating to a “c-” rating in a research note on Tuesday, February 13th.

Get Our Latest Analysis on NTWK

Insider Activity

In other news, CFO Roger Kent Almond sold 9,264 shares of the company’s stock in a transaction on 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 sale, the chief financial officer now owns 20,736 shares in the company, valued at approximately $59,719.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 11.71% of the company’s stock.

About NetSol Technologies

(Get Free Report)

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.