NetSol Technologies Inc. (NTWK) Posts Quarterly Earnings Results
NetSol Technologies Inc. (NASDAQ:NTWK) released its earnings results on Thursday. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.08. The business had revenue of $19.10 million for the quarter. NetSol Technologies had a return on equity of 4.62% and a net margin of 5.27%.
NetSol Technologies (NASDAQ:NTWK) opened at 6.35 on Monday. NetSol Technologies has a 12 month low of $5.02 and a 12 month high of $9.50. The stock has a market cap of $66.87 million, a P/E ratio of 109.48 and a beta of 0.69. The company’s 50-day moving average price is $5.97 and its 200-day moving average price is $6.37.
Separately, Zacks Investment Research upgraded NetSol Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, July 5th.
An institutional investor recently bought a new position in NetSol Technologies stock. Raymond James & Associates bought a new stake in shares of NetSol Technologies Inc. (NASDAQ:NTWK) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 19,500 shares of the company’s stock, valued at approximately $114,000. Raymond James & Associates owned 0.19% of NetSol Technologies as of its most recent SEC filing. Institutional investors own 15.27% of the company’s stock.
NetSol Technologies Company Profile
NetSol Technologies, Inc is a provider of information technology (IT) and enterprise software solutions. The Company’s primary source of revenue is the licensing, customization, enhancement and maintenance of its suite of financial applications under the brand name NetSol Financial Suite (NFS) and NFS Ascent for businesses in the global lease and finance industry.
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