NetSol Technologies (NTWK) Upgraded to “Hold” at ValuEngine
ValuEngine upgraded shares of NetSol Technologies (NASDAQ:NTWK) from a sell rating to a hold rating in a report released on Friday morning.
Separately, TheStreet lowered shares of NetSol Technologies from a c- rating to a d rating in a research note on Thursday, September 28th.
NetSol Technologies (NASDAQ NTWK) traded down $0.05 during mid-day trading on Friday, reaching $4.40. 9,539 shares of the company’s stock were exchanged, compared to its average volume of 44,743. NetSol Technologies has a 52 week low of $3.09 and a 52 week high of $5.65.
NetSol Technologies (NASDAQ:NTWK) last posted its quarterly earnings data on Wednesday, September 27th. The software maker reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.26). NetSol Technologies had a negative net margin of 6.01% and a negative return on equity of 4.82%. The firm had revenue of $14.48 million for the quarter.
In other news, CEO Najeeb Ghauri acquired 10,000 shares of NetSol Technologies stock in a transaction on Friday, November 17th. The stock was bought at an average cost of $3.50 per share, with a total value of $35,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have acquired 32,450 shares of company stock valued at $125,009 over the last ninety days. Insiders own 11.05% of the company’s stock.
A hedge fund recently raised its stake in NetSol Technologies stock. Municipal Employees Retirement System of Michigan grew its holdings in NetSol Technologies Inc. (NASDAQ:NTWK) by 25.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,250 shares of the software maker’s stock after purchasing an additional 15,380 shares during the period. Municipal Employees Retirement System of Michigan owned about 0.69% of NetSol Technologies worth $301,000 as of its most recent SEC filing. Institutional investors own 19.37% of the company’s stock.
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About NetSol Technologies
NetSol Technologies, Inc is a provider of information technology (IT) and enterprise software solutions. The Company is engaged in the licensing, customization, enhancement and maintenance of its suite of financial applications under the brand names, NetSol Financial Suite (NFS) and NFS Ascent, for businesses in the lease and finance industry.
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