NetSol Technologies (NASDAQ:NTWK) Issues Earnings Results

Key Points

• NetSol Technologies reported a quarterly earnings per share (EPS) of $0.22, with a net margin of 0.41% and a return on equity of 0.68%.
• The company’s stock saw a gain of $0.88, reaching $5.62 per share, with significant trading volume of 161,364 shares on the reporting day.
• Insider transactions indicate confidence in the company, as the president purchased 18,279 shares at an average price of $3.85, raising their total ownership.

NetSol Technologies (NASDAQ:NTWK - Get Free Report) posted its quarterly earnings data on Monday. The software maker reported $0.22 earnings per share (EPS) for the quarter, Zacks reports. NetSol Technologies had a net margin of 0.41% and a return on equity of 0.68%.

NetSol Technologies Price Performance

Shares of NTWK traded up $0.88 during trading hours on Monday, hitting $5.62. The company's stock had a trading volume of 161,364 shares, compared to its average volume of 43,481. The company has a market cap of $65.81 million, a price-to-earnings ratio of 281.14 and a beta of 1.06. The business has a 50 day simple moving average of $4.29 and a two-hundred day simple moving average of $3.28. NetSol Technologies has a 52-week low of $2.14 and a 52-week high of $5.75.

Insider Buying and Selling at NetSol Technologies

In other NetSol Technologies news, President Naeem Ghauri bought 18,279 shares of NetSol Technologies stock in a transaction dated Monday, July 14th. The stock was purchased at an average price of $3.85 per share, for a total transaction of $70,374.15. Following the completion of the purchase, the president directly owned 459,853 shares of the company's stock, valued at approximately $1,770,434.05. This trade represents a 4.14% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have bought a total of 28,304 shares of company stock valued at $105,766 in the last three months. 13.16% of the stock is owned by company insiders.

Hedge Funds Weigh In On NetSol Technologies

An institutional investor recently raised its position in NetSol Technologies stock. Bridgeway Capital Management LLC increased its position in NetSol Technologies Inc. (NASDAQ:NTWK - Free Report) by 9.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,708 shares of the software maker's stock after acquiring an additional 4,816 shares during the quarter. Bridgeway Capital Management LLC owned about 0.46% of NetSol Technologies worth $167,000 at the end of the most recent quarter. Institutional investors own 16.02% of the company's stock.

NetSol Technologies Company Profile

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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