NetSol Technologies (NASDAQ:NTWK) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

NetSol Technologies Inc. (NASDAQ:NTWK) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.68 and traded as high as $4.61. NetSol Technologies shares last traded at $4.51, with a volume of 9,581 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of NetSol Technologies in a research note on Tuesday, May 19th. One analyst has rated the stock with a Hold rating, According to MarketBeat, NetSol Technologies presently has a consensus rating of “Hold”.

NetSol Technologies Price Performance

The firm has a market cap of $53.58 million, a P/E ratio of 30.07 and a beta of 0.92. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.94 and a quick ratio of 1.94. The stock’s 50-day simple moving average is $4.34 and its two-hundred day simple moving average is $3.68.

NetSol Technologies (NASDAQ:NTWK) last released its earnings results on Thursday, May 14th. The software maker reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.03. NetSol Technologies had a net margin of 2.49% and a return on equity of 4.24%. The firm had revenue of $19.83 million during the quarter, compared to analyst estimates of $15.10 million.

Institutional Trading of NetSol Technologies

Several institutional investors have recently added to or reduced their stakes in NTWK. Empowered Funds LLC grew its stake in shares of NetSol Technologies by 9.0% during the first quarter. Empowered Funds LLC now owns 68,151 shares of the software maker’s stock valued at $231,000 after buying an additional 5,624 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of NetSol Technologies in the fourth quarter worth approximately $58,000. Bridgeway Capital Management LLC lifted its stake in shares of NetSol Technologies by 10.3% during the 4th quarter. Bridgeway Capital Management LLC now owns 65,027 shares of the software maker’s stock worth $197,000 after acquiring an additional 6,051 shares during the last quarter. Rothschild Wealth LLC purchased a new position in NetSol Technologies during the 4th quarter valued at $303,000. Finally, Evernest Financial Advisors LLC purchased a new position in NetSol Technologies during the 4th quarter valued at $419,000. Institutional investors own 16.02% of the company’s stock.

NetSol Technologies Company Profile

NetSol Technologies, Inc is a publicly traded enterprise software provider specializing in asset finance and leasing solutions. Headquartered in Calabasas, California, the company was founded in 1997 by Najeeb Ghauri, who continues to serve as its chief executive officer. NetSol has built a reputation for delivering end-to-end digital solutions tailored to the finance, leasing, and rental industries, enabling clients to streamline operations, improve customer engagement, and accelerate business growth.

The company’s flagship offering, NFS Ascent, is a configurable, modular platform that supports the entire contract lifecycle—from origination and credit approval through servicing and end-of-term processing.