NetSol Technologies (NASDAQ:NTWK) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

NetSol Technologies Inc. (NASDAQ:NTWK)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.38 and traded as high as $4.70. NetSol Technologies shares last traded at $4.53, with a volume of 194,776 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of NetSol Technologies in a report on Saturday, September 27th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

NetSol Technologies Trading Down 4.8%

The stock has a 50-day moving average price of $4.36 and a 200 day moving average price of $3.38. The stock has a market capitalization of $53.41 million, a price-to-earnings ratio of 18.12 and a beta of 1.10.

NetSol Technologies (NASDAQ:NTWK) last issued its quarterly earnings results on Monday, September 29th. The software maker reported $0.22 earnings per share (EPS) for the quarter. NetSol Technologies had a return on equity of 7.40% and a net margin of 4.46%.The company had revenue of $18.40 million for the quarter.

Insider Transactions at NetSol Technologies

In related news, President Naeem Ghauri purchased 18,279 shares of the company’s stock in a transaction that occurred on Monday, July 14th. The shares were purchased at an average price of $3.85 per share, with a total value of $70,374.15. Following the purchase, the president owned 459,853 shares of the company’s stock, valued at $1,770,434.05. The trade was a 4.14% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 13.16% of the company’s stock.

Institutional Trading of NetSol Technologies

Institutional investors have recently modified their holdings of the stock. Squarepoint Ops LLC purchased a new stake in shares of NetSol Technologies during the fourth quarter worth about $28,000. PFG Investments LLC acquired a new stake in NetSol Technologies in the 2nd quarter worth about $78,000. Finally, Bridgeway Capital Management LLC raised its holdings in shares of NetSol Technologies by 9.9% during the second quarter. Bridgeway Capital Management LLC now owns 53,708 shares of the software maker’s stock valued at $167,000 after acquiring an additional 4,816 shares during the last quarter. Institutional investors and hedge funds own 16.02% of the company’s stock.

About NetSol Technologies

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.