NetSol Technologies (NASDAQ:NTWK) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

NetSol Technologies Inc. (NASDAQ:NTWK - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.53 and traded as high as $4.58. NetSol Technologies shares last traded at $4.51, with a volume of 41,817 shares trading hands.

Analyst Ratings Changes

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Several research analysts recently commented on the company. Weiss Ratings reissued a "hold (c)" rating on shares of NetSol Technologies in a research note on Tuesday, October 14th. Wall Street Zen upgraded NetSol Technologies to a "strong-buy" rating in a report on Saturday, October 11th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of "Hold".

View Our Latest Research Report on NTWK

NetSol Technologies Stock Performance

The firm has a market cap of $53.15 million, a price-to-earnings ratio of 18.04 and a beta of 1.10. The firm has a 50-day moving average price of $4.44 and a two-hundred day moving average price of $3.53.

NetSol Technologies (NASDAQ:NTWK - Get Free Report) last issued its earnings results on Monday, September 29th. The software maker reported $0.22 earnings per share for the quarter. NetSol Technologies had a return on equity of 7.40% and a net margin of 4.46%.The business had revenue of $18.40 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in NetSol Technologies stock. PFG Investments LLC bought a new stake in NetSol Technologies Inc. (NASDAQ:NTWK - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 25,000 shares of the software maker's stock, valued at approximately $78,000. PFG Investments LLC owned about 0.21% of NetSol Technologies at the end of the most recent quarter. 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.

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