Netsol Technologies (NASDAQ:NTWK) had its price objective reduced by Maxim Group from $10.00 to $7.00 in a report released on Monday, Stock Ratings Network.com reports. Maxim Group currently has a buy rating on the stock.
NTWK has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of Netsol Technologies from a neutral rating to an outperform rating in a research note to investors on Friday, October 11th. They now have a $9.00 price target on the stock. Analysts at Sidoti initiated coverage on shares of Netsol Technologies in a research note to investors on Tuesday, August 27th. They set a buy rating on the stock.
Shares of Netsol Technologies (NASDAQ:NTWK) traded down 0.97% during mid-day trading on Monday, hitting $5.12. 274,315 shares of the company’s stock traded hands. Netsol Technologies has a one year low of $5.09 and a one year high of $14.01. The stock’s 50-day moving average is $8.10 and its 200-day moving average is $9.81. The company has a market cap of $45.7 million and a P/E ratio of 5.44.
Netsol Technologies (NASDAQ:NTWK) last announced its earnings results on Friday, November 8th. The company reported ($0.12) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.15 by $0.27. The company had revenue of $9.10 million for the quarter, compared to the consensus estimate of $11.99 million. During the same quarter in the previous year, the company posted $0.12 earnings per share. The company’s revenue for the quarter was down 18.0% on a year-over-year basis. On average, analysts predict that Netsol Technologies will post $0.61 earnings per share for the current fiscal year.
NetSol Technologies, Inc (NASDAQ:NTWK) designs, develops, markets, and exports software products to customers in the automobile finance and leasing, banking, healthcare, and financial services industries worldwide.
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