NetSol Technologies (NTWK) Lifted to B- at TheStreet
Shares of NTWK stock opened at $7.82 on Tuesday. The firm has a market cap of $93.70 million, a P/E ratio of 11.62 and a beta of 0.39. NetSol Technologies has a 1 year low of $4.30 and a 1 year high of $10.52. The company has a quick ratio of 2.63, a current ratio of 2.63 and a debt-to-equity ratio of 0.01.
NetSol Technologies (NASDAQ:NTWK) last issued its quarterly earnings data on Wednesday, February 13th. The software maker reported $0.25 earnings per share (EPS) for the quarter. The firm had revenue of $17.00 million during the quarter. NetSol Technologies had a return on equity of 10.73% and a net margin of 11.72%.
Institutional investors have recently added to or reduced their stakes in the business. Algert Global LLC purchased a new position in NetSol Technologies during the fourth quarter worth $77,000. Russell Investments Group Ltd. increased its position in NetSol Technologies by 26.3% during the third quarter. Russell Investments Group Ltd. now owns 218,563 shares of the software maker’s stock worth $1,442,000 after buying an additional 45,501 shares in the last quarter. Vanguard Group Inc increased its position in NetSol Technologies by 8.2% during the third quarter. Vanguard Group Inc now owns 277,893 shares of the software maker’s stock worth $1,834,000 after buying an additional 21,106 shares in the last quarter. Bailard Inc. purchased a new position in NetSol Technologies during the fourth quarter worth $285,000. Finally, O Shaughnessy Asset Management LLC purchased a new position in NetSol Technologies during the fourth quarter worth $209,000. 31.98% of the stock is 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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