Weiss Ratings Reaffirms Hold (C) Rating for NetSol Technologies (NASDAQ:NTWK)

Key Points

• Weiss Ratings has reaffirmed a "Hold (C)" rating for NetSol Technologies (NASDAQ:NTWK), indicating a neutral outlook for the stock.
• In contrast, Wall Street Zen upgraded NetSol Technologies to a "strong-buy" rating, suggesting differing analyst perspectives.
• NetSol Technologies reported a quarterly earnings per share (EPS) of $0.22 and a revenue of $18.40 million, with a net margin of 4.46% for the latest quarter.

NetSol Technologies (NASDAQ:NTWK - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by equities researchers at Weiss Ratings in a research report issued on Tuesday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded shares of NetSol Technologies to a "strong-buy" rating in a research report on Saturday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, NetSol Technologies presently has an average rating of "Hold".

NetSol Technologies Trading Down 0.1%

NetSol Technologies stock traded down $0.01 during midday trading on Tuesday, reaching $4.46. 51,268 shares of the stock traded hands, compared to its average volume of 50,549. The firm has a fifty day moving average price of $4.40 and a two-hundred day moving average price of $3.46. The firm has a market cap of $52.52 million, a price-to-earnings ratio of 17.78 and a beta of 1.10. NetSol Technologies has a fifty-two week low of $2.14 and a fifty-two week high of $5.75.

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

Institutional Trading of NetSol Technologies

A hedge fund recently bought a new stake in NetSol Technologies stock. PFG Investments LLC bought a new position in NetSol Technologies Inc. (NASDAQ:NTWK - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 25,000 shares of the software maker's stock, valued at approximately $78,000. PFG Investments LLC owned approximately 0.21% of NetSol Technologies at the end of the most recent reporting period. 16.02% of the stock is currently owned by institutional investors and hedge funds.

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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