NetSol Technologies (NASDAQ:NTWK) Posts Earnings Results, Beats Estimates By $0.24 EPS

NetSol Technologies (NASDAQ:NTWK) released its quarterly earnings results on Monday. The software maker reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.24, Zacks reports. The business had revenue of $20.72 million during the quarter, compared to analysts’ expectations of $15.10 million. NetSol Technologies had a net margin of 4.02% and a return on equity of 6.79%.

NetSol Technologies Stock Performance

NASDAQ:NTWK opened at $6.17 on Wednesday. NetSol Technologies has a fifty-two week low of $2.73 and a fifty-two week high of $6.38. The firm has a market cap of $73.73 million, a P/E ratio of 24.68 and a beta of 0.94. The firm has a 50-day simple moving average of $4.43 and a two-hundred day simple moving average of $4.20.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded NetSol Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, September 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

NetSol Technologies Company Profile

NetSol Technologies, Inc is a global provider of enterprise software and technology services focused primarily on the asset finance and leasing industry. The company develops solutions that help banks, captive finance companies, equipment manufacturers and other organizations manage lending, leasing and financing operations.

Its product portfolio includes the NFS Ascent platform, a software suite designed to support the lifecycle of asset finance transactions, including origination, credit assessment, contract management, billing, accounting and portfolio administration.