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 $3.14 and traded as high as $5.30. NetSol Technologies shares last traded at $5.17, with a volume of 76,186 shares changing hands.
NetSol Technologies Trading Down 10.4%
The firm has a market cap of $53.51 million, a price-to-earnings ratio of 228.61 and a beta of 1.06. The business's 50-day simple moving average is $4.21 and its two-hundred day simple moving average is $3.20.
Insider Activity at NetSol Technologies
In related news, President Naeem Ghauri acquired 18,279 shares of NetSol Technologies stock in a transaction dated Monday, July 14th. The stock was bought at an average price of $3.85 per share, with a total value of $70,374.15. Following the transaction, the president directly owned 459,853 shares in the company, valued at $1,770,434.05. This represents a 4.14% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Over the last three months, insiders have purchased 33,254 shares of company stock worth $121,161. Company insiders own 13.16% of the company's stock.
Institutional Trading of NetSol Technologies
Large investors have recently modified their holdings of the stock. Squarepoint Ops LLC acquired a new stake in shares of NetSol Technologies during the 4th quarter worth approximately $28,000. Bridgeway Capital Management LLC grew its position in NetSol Technologies by 9.9% in the 2nd quarter. Bridgeway Capital Management LLC now owns 53,708 shares of the software maker's stock valued at $167,000 after purchasing an additional 4,816 shares during the period. PFG Investments LLC bought a new position in NetSol Technologies during the 2nd quarter valued at $78,000. Finally, Wolverine Trading LLC lifted its stake in NetSol Technologies by 184.8% during the 4th quarter. Wolverine Trading LLC now owns 12,883 shares of the software maker's stock valued at $36,000 after acquiring an additional 28,083 shares in 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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