NetSol Technologies (NASDAQ:NTWK) Stock Passes Above 200-Day Moving Average – What’s Next?

Shares of NetSol Technologies Inc. (NASDAQ:NTWK) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.58 and traded as high as $2.91. NetSol Technologies shares last traded at $2.86, with a volume of 8,387 shares changing hands.

Analyst Ratings Changes

Separately, Wall Street Zen began coverage on NetSol Technologies in a research report on Wednesday, May 21st. They issued a “buy” rating for the company.

NetSol Technologies Stock Up 1.4%

The business has a 50-day moving average price of $2.63 and a 200-day moving average price of $2.58. The firm has a market capitalization of $33.49 million, a PE ratio of 143.07 and a beta of 1.01.

NetSol Technologies (NASDAQ:NTWK) last issued its quarterly earnings data on Wednesday, May 14th. The software maker reported $0.12 earnings per share for the quarter. The company had revenue of $17.54 million during the quarter. NetSol Technologies had a return on equity of 0.68% and a net margin of 0.41%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Squarepoint Ops LLC acquired a new position in NetSol Technologies during the fourth quarter worth $28,000. Wolverine Trading LLC lifted its stake in NetSol Technologies by 184.8% during the fourth quarter. Wolverine Trading LLC now owns 12,883 shares of the software maker’s stock worth $36,000 after purchasing an additional 28,083 shares in the last quarter. Perritt Capital Management Inc lifted its stake in NetSol Technologies by 142.3% during the fourth quarter. Perritt Capital Management Inc now owns 50,000 shares of the software maker’s stock worth $131,000 after purchasing an additional 29,361 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in NetSol Technologies by 4.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 109,247 shares of the software maker’s stock worth $286,000 after purchasing an additional 4,199 shares in the last quarter. Finally, Topline Capital Management LLC acquired a new position in NetSol Technologies during the fourth quarter worth $1,351,000. 16.02% of the stock is currently owned by hedge funds and other institutional investors.

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.