StockNews.com Begins Coverage on NetSol Technologies (NASDAQ:NTWK)

StockNews.com assumed coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a report issued on Thursday. The firm issued a buy rating on the software maker’s stock.

Separately, TheStreet upgraded shares of NetSol Technologies from a d rating to a c- rating in a research note on Tuesday, February 13th.

NetSol Technologies Stock Performance

Shares of NTWK opened at $2.55 on Thursday. NetSol Technologies has a one year low of $1.72 and a one year high of $3.05. The stock’s fifty day moving average is $2.79 and its 200-day moving average is $2.39. The firm has a market capitalization of $29.07 million, a price-to-earnings ratio of -14.17 and a beta of 1.12.

NetSol Technologies (NASDAQ:NTWK) last announced its earnings results 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 during the quarter.

Insider Activity at NetSol Technologies

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