NetSol Technologies (NASDAQ:NTWK) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

NetSol Technologies, Inc. (NASDAQ:NTWK) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.73 and traded as high as $3.16. NetSol Technologies shares last traded at $3.15, with a volume of 11,809 shares.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of NetSol Technologies in a report on Friday. They set a “buy” rating for the company.

NetSol Technologies Stock Performance

The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.02. The firm has a market cap of $36.00 million, a P/E ratio of 52.51 and a beta of 1.07. The company’s fifty day moving average price is $2.86 and its two-hundred day moving average price is $2.73.

NetSol Technologies (NASDAQ:NTWK) last announced its earnings results on Monday, September 30th. The software maker reported ($0.01) EPS for the quarter. The company had revenue of $16.45 million for the quarter. NetSol Technologies had a return on equity of 1.77% and a net margin of 1.11%.

Hedge Funds Weigh In On NetSol Technologies

An institutional investor recently raised its position in NetSol Technologies stock. Perritt Capital Management Inc. raised its stake in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 62.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,639 shares of the software maker’s stock after purchasing an additional 7,900 shares during the period. Perritt Capital Management Inc. owned 0.18% of NetSol Technologies worth $57,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 16.02% of the company’s stock.

About NetSol Technologies

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.