NetSol Technologies (NTWK) Downgraded to C+ at TheStreet
NetSol Technologies (NASDAQ:NTWK) was downgraded by equities researchers at TheStreet from a “b-” rating to a “c+” rating in a note issued to investors on Monday, TheStreetRatingsTable reports.
Shares of NTWK stock opened at $6.20 on Monday. NetSol Technologies has a 12 month low of $5.16 and a 12 month high of $10.52. The stock has a market cap of $77.51 million, a PE ratio of 12.94 and a beta of 0.40. The company has a current ratio of 2.64, a quick ratio of 2.63 and a debt-to-equity ratio of 0.01.
NetSol Technologies (NASDAQ:NTWK) last announced its quarterly earnings results on Tuesday, May 14th. The software maker reported $0.11 EPS for the quarter. NetSol Technologies had a return on equity of 8.82% and a net margin of 9.33%. The firm had revenue of $17.13 million for the quarter.
Institutional investors have recently bought and sold shares of the stock. Two Sigma Advisers LP acquired a new position in shares of NetSol Technologies in the fourth quarter worth approximately $69,000. ClariVest Asset Management LLC acquired a new position in shares of NetSol Technologies in the fourth quarter worth approximately $74,000. Algert Global LLC acquired a new position in shares of NetSol Technologies in the fourth quarter worth approximately $77,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of NetSol Technologies in the fourth quarter worth approximately $86,000. Finally, Northern Trust Corp lifted its stake in shares of NetSol Technologies by 32.2% in the fourth quarter. Northern Trust Corp now owns 29,376 shares of the software maker’s stock worth $181,000 after acquiring an additional 7,148 shares during the period. 31.55% of the stock is currently owned by institutional investors.
About NetSol Technologies
NetSol Technologies, Inc designs, develops, markets, and exports software products to the automobile financing and leasing, banking, and financial services industries worldwide. It also provides system integration, consulting, and IT products and services. The company offers NetSol Financial Suite (NFS), an end-to-end solution covering leasing and finance cycle for the asset finance industry; and NFS Ascent platform, a lease accounting and contract processing engine.
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