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

NetSol Technologies Inc. (NASDAQ:NTWK) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.60 and traded as high as $3.38. NetSol Technologies shares last traded at $3.30, with a volume of 22,314 shares.

Wall Street Analyst Weigh In

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

NetSol Technologies Stock Up 2.2%

The business’s 50-day moving average price is $2.79 and its 200 day moving average price is $2.60. The company has a market capitalization of $38.64 million, a P/E ratio of 165.08 and a beta of 1.02.

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

Institutional Investors Weigh In On NetSol Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in NTWK. Squarepoint Ops LLC purchased a new position in NetSol Technologies during the fourth quarter worth about $28,000. Wolverine Trading LLC raised its holdings in shares of NetSol Technologies by 184.8% in the 4th quarter. Wolverine Trading LLC now owns 12,883 shares of the software maker’s stock valued at $36,000 after acquiring an additional 28,083 shares in the last quarter. Perritt Capital Management Inc boosted its position in shares of NetSol Technologies by 142.3% during the 4th quarter. Perritt Capital Management Inc now owns 50,000 shares of the software maker’s stock valued at $131,000 after acquiring an additional 29,361 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of 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 purchased a new position in shares of NetSol Technologies during the fourth quarter worth about $1,351,000. Hedge funds and other institutional investors own 16.02% of the company’s stock.

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.