NetSol Technologies (NASDAQ:NTWK) Stock Passes Above 200-Day Moving Average - Time to Sell?

Key Points

• NetSol Technologies shares crossed above their 200-day moving average, reaching $4.30 before closing at $4.20, compared with the $3.90 long-term average.
• Weiss Ratings reaffirmed a “Hold (C)” rating, matching the sole analyst’s view and MarketBeat’s overall “Hold” consensus.
• The company exceeded quarterly expectations, reporting $0.11 in EPS versus $0.08 expected and revenue of $19.83 million versus $15.10 million estimated; institutional investors own 16.02% of shares.

NetSol Technologies Inc. (NASDAQ:NTWK - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.90 and traded as high as $4.30. NetSol Technologies shares last traded at $4.20, with a volume of 17,360 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of NetSol Technologies in a research report on Tuesday, May 19th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of "Hold".

NetSol Technologies Trading Down 1.2%

The company has a debt-to-equity ratio of 0.01, a current ratio of 1.94 and a quick ratio of 1.94. The stock's 50-day moving average is $4.42 and its two-hundred day moving average is $3.90. The company has a market cap of $49.90 million, a P/E ratio of 28.00 and a beta of 0.93.

NetSol Technologies (NASDAQ:NTWK - Get Free Report) last posted its earnings results on Thursday, May 14th. The software maker reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.03. The business had revenue of $19.83 million during the quarter, compared to the consensus estimate of $15.10 million. NetSol Technologies had a net margin of 2.49% and a return on equity of 4.24%.

Institutional Trading of NetSol Technologies

Several large investors have recently modified their holdings of NTWK. Bridgeway Capital Management LLC increased its position in NetSol Technologies by 9.9% during the second quarter. Bridgeway Capital Management LLC now owns 53,708 shares of the software maker's stock valued at $167,000 after acquiring an additional 4,816 shares during the last quarter. Geode Capital Management LLC boosted its position in NetSol Technologies by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 115,169 shares of the software maker's stock worth $349,000 after purchasing an additional 3,890 shares during the last quarter. Empowered Funds LLC boosted its position in NetSol Technologies by 10.7% in the fourth quarter. Empowered Funds LLC now owns 62,527 shares of the software maker's stock worth $189,000 after purchasing an additional 6,051 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of NetSol Technologies during the 4th quarter valued at about $82,000. Finally, Mink Brook Asset Management LLC bought a new stake in shares of NetSol Technologies during the 4th quarter valued at about $331,000. Institutional investors own 16.02% of the company's stock.

About NetSol Technologies

NetSol Technologies, Inc is a publicly traded enterprise software provider specializing in asset finance and leasing solutions. Headquartered in Calabasas, California, the company was founded in 1997 by Najeeb Ghauri, who continues to serve as its chief executive officer. NetSol has built a reputation for delivering end-to-end digital solutions tailored to the finance, leasing, and rental industries, enabling clients to streamline operations, improve customer engagement, and accelerate business growth.

The company's flagship offering, NFS Ascent, is a configurable, modular platform that supports the entire contract lifecycle—from origination and credit approval through servicing and end-of-term processing.

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