NetSol Technologies (NASDAQ:NTWK) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a report issued on Thursday. The brokerage issued a buy rating on the software maker’s stock.

Separately, TheStreet upgraded NetSol Technologies from a d rating to a c- rating in a report on Tuesday, February 13th.

NetSol Technologies Price Performance

NTWK opened at $2.55 on Thursday. The firm has a 50 day simple moving average of $2.80 and a 200 day simple moving average of $2.38. NetSol Technologies has a fifty-two week low of $1.72 and a fifty-two week high of $3.05.

NetSol Technologies (NASDAQ:NTWK) last issued its earnings results on Tuesday, February 13th. The software maker reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $15.24 million for the quarter. NetSol Technologies had a negative return on equity of 5.47% and a negative net margin of 3.68%.

Insider Transactions at NetSol Technologies

In other NetSol Technologies news, CFO Roger Kent Almond sold 9,264 shares of NetSol Technologies stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $2.88, for a total value of $26,680.32. Following the sale, the chief financial officer now owns 20,736 shares of the company’s stock, valued at approximately $59,719.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 11.71% of the stock is owned by insiders.

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.