Shares of NetSol Technologies Inc. (NASDAQ:NTWK - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $3.23 and traded as high as $4.77. NetSol Technologies shares last traded at $4.68, with a volume of 27,407 shares trading hands.
NetSol Technologies Trading Up 0.6%
The firm's 50 day simple moving average is $4.26 and its 200-day simple moving average is $3.23. The stock has a market capitalization of $54.80 million, a price-to-earnings ratio of 234.12 and a beta of 1.06.
Insider Activity
In related news, President Naeem Ghauri bought 18,279 shares of the stock in a transaction that occurred on Monday, July 14th. The shares were acquired at an average price of $3.85 per share, with a total value of $70,374.15. Following the completion of the transaction, the president owned 459,853 shares in the company, valued at $1,770,434.05. The trade was a 4.14% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders bought a total of 33,254 shares of company stock valued at $121,161 over the last 90 days. 14.95% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the stock. Squarepoint Ops LLC acquired a new position in shares of NetSol Technologies during the 4th quarter worth approximately $28,000. Wolverine Trading LLC increased its holdings in NetSol Technologies by 184.8% during the fourth quarter. Wolverine Trading LLC now owns 12,883 shares of the software maker's stock worth $36,000 after buying an additional 28,083 shares during the last quarter. PFG Investments LLC acquired a new position in NetSol Technologies during the second quarter worth $78,000. Finally, Bridgeway Capital Management LLC increased its stake in shares of NetSol Technologies by 9.9% during the 2nd quarter. Bridgeway Capital Management LLC now owns 53,708 shares of the software maker's stock worth $167,000 after purchasing an additional 4,816 shares during the last quarter. Institutional investors and hedge funds own 16.02% of the company's stock.
NetSol Technologies Company Profile
(
Get Free Report)
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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