NetSol Technologies Inc. (NASDAQ:NTWK) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.00 and traded as high as $6.08. NetSol Technologies shares last traded at $6.08, with a volume of 600 shares traded.
Several equities research analysts have weighed in on NTWK shares. TheStreet lowered shares of NetSol Technologies from a “b-” rating to a “c+” rating in a report on Monday, May 20th. ValuEngine lowered shares of NetSol Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, July 2nd.
The stock has a fifty day simple moving average of $5.78. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.64 and a quick ratio of 2.64. The stock has a market cap of $70.16 million, a P/E ratio of 15.71, a price-to-earnings-growth ratio of 0.57 and a beta of 0.53.
In related news, Director Naeem Ghauri acquired 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The shares were acquired at an average cost of $5.41 per share, for a total transaction of $27,050.00. Following the completion of the acquisition, the director now directly owns 487,890 shares in the company, valued at approximately $2,639,484.90. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 14.28% of the company’s stock.
Several large investors have recently modified their holdings of NTWK. Dimensional Fund Advisors LP grew its position in NetSol Technologies by 98.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 164,198 shares of the software maker’s stock valued at $1,010,000 after purchasing an additional 81,352 shares in the last quarter. Two Sigma Investments LP bought a new position in NetSol Technologies in the fourth quarter valued at $403,000. Marshall Wace LLP grew its position in NetSol Technologies by 692.5% in the first quarter. Marshall Wace LLP now owns 50,340 shares of the software maker’s stock valued at $328,000 after purchasing an additional 43,988 shares in the last quarter. Acadian Asset Management LLC grew its position in NetSol Technologies by 46.4% in the first quarter. Acadian Asset Management LLC now owns 90,083 shares of the software maker’s stock valued at $587,000 after purchasing an additional 28,568 shares in the last quarter. Finally, Deutsche Bank AG grew its position in NetSol Technologies by 31.6% in the fourth quarter. Deutsche Bank AG now owns 94,253 shares of the software maker’s stock valued at $579,000 after purchasing an additional 22,633 shares in the last quarter. Institutional investors and hedge funds own 30.93% of the company’s stock.
About NetSol Technologies (NASDAQ:NTWK)
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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