Zacks upgraded shares of Netsol Technologies (NASDAQ:NTWK) from a neutral rating to an outperform rating in a report released on Friday, AR Network reports. Zacks currently has $9.00 price objective on the stock.
Zacks has also updated their ratings on a number of other information technology stocks in the last week. The firm downgraded shares of Teekay Offshore Part from a neutral rating to an underperform rating. Their analysts now have a $31.60 price target on that stock. Also, Zacks downgraded shares of Delhaize Group from an outperform rating to a neutral rating. Their analysts now have a $73.40 price target on that stock. Finally, Zacks upgraded shares of Canon from an underperform rating to a neutral rating. Zacks now has a $32.70 price target on that stock.
Netsol Technologies (NASDAQ:NTWK) opened at 7.78 on Friday. Netsol Technologies has a one year low of $5.70 and a one year high of $14.01. The stock’s 50-day moving average is $9.7 and its 200-day moving average is $10.58. The company has a market cap of $69.4 million and a P/E ratio of 8.19.
Netsol Technologies (NASDAQ:NTWK) last issued its quarterly earnings data on Thursday, September 12th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.36. The company had revenue of $15.10 million for the quarter, compared to the consensus estimate of $13.53 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. Analysts expect that Netsol Technologies will post $1.12 EPS for the current fiscal year.
Several other analysts have also recently commented 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. Analysts at Maxim Group initiated coverage on shares of Netsol Technologies in a research note to investors on Friday, July 19th. They set a buy rating and a $13.00 price target on the stock.
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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