NetSol Technologies (NASDAQ:NTWK) Stock Crosses Above Two Hundred Day Moving Average of $2.38

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 $2.38 and traded as high as $2.60. NetSol Technologies shares last traded at $2.57, with a volume of 14,275 shares changing hands.

Analyst Ratings Changes

Several research firms have recently commented on NTWK. TheStreet raised shares of NetSol Technologies from a “d” rating to a “c-” rating in a research note on Tuesday, February 13th. StockNews.com started coverage on shares of NetSol Technologies in a research note on Wednesday, April 24th. They set a “buy” rating on the stock.

NetSol Technologies Price Performance

The stock has a market capitalization of $29.31 million, a P/E ratio of -14.28 and a beta of 1.12. The business’s 50 day simple moving average is $2.80 and its 200-day simple moving average is $2.38.

NetSol Technologies (NASDAQ:NTWK) last announced its quarterly earnings data on Tuesday, February 13th. The software maker reported $0.04 earnings per share (EPS) for the quarter. NetSol Technologies had a negative net margin of 3.68% and a negative return on equity of 5.47%. The firm had revenue of $15.24 million for the quarter.

Insider Buying and Selling at NetSol Technologies

In other NetSol Technologies news, CFO Roger Kent Almond sold 9,264 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $2.88, for a total value of $26,680.32. Following the transaction, the chief financial officer now directly owns 20,736 shares of the company’s stock, valued at $59,719.68. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 11.71% 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.