NetSol Technologies (NASDAQ:NTWK) Stock Price Passes Above Two Hundred Day Moving Average of $2.53

NetSol Technologies, Inc. (NASDAQ:NTWKGet Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.53 and traded as high as $2.73. NetSol Technologies shares last traded at $2.62, with a volume of 10,907 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of NetSol Technologies in a research report on Wednesday. They set a “buy” rating on the stock.

Read Our Latest Stock Analysis on NetSol Technologies

NetSol Technologies Price Performance

The firm’s 50 day simple moving average is $2.62 and its two-hundred day simple moving average is $2.53. The firm has a market capitalization of $29.07 million, a P/E ratio of -6.71 and a beta of 1.07.

NetSol Technologies (NASDAQ:NTWKGet Free Report) last released its quarterly earnings data on Monday, May 20th. The software maker reported $0.03 EPS for the quarter. The firm had revenue of $15.47 million for the quarter. NetSol Technologies had a negative return on equity of 11.38% and a negative net margin of 7.33%.

Institutional Trading of NetSol Technologies

An institutional investor recently raised its position in NetSol Technologies stock. Perritt Capital Management Inc. boosted its position in shares of NetSol Technologies, Inc. (NASDAQ:NTWKFree Report) by 62.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,639 shares of the software maker’s stock after buying an additional 7,900 shares during the quarter. Perritt Capital Management Inc. owned approximately 0.18% of NetSol Technologies worth $57,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 16.02% of the company’s stock.

About NetSol Technologies

(Get Free Report)

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.

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