NetSol Technologies (NTWK) Hits New 1-Year High at $7.75

Shares of NetSol Technologies Inc. (NASDAQ:NTWK) reached a new 52-week high during trading on Monday . The company traded as high as $7.75 and last traded at $7.72, with a volume of 1876 shares. The stock had previously closed at $7.67.

The firm has a market capitalization of $75.92 million, a P/E ratio of 17.37 and a beta of 0.63.

NetSol Technologies (NASDAQ:NTWK) last posted its earnings results on Wednesday, September 26th. The software maker reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.01). The business had revenue of $16.62 million during the quarter. NetSol Technologies had a return on equity of 5.57% and a net margin of 7.07%.

Several institutional investors have recently bought and sold shares of NTWK. Russell Investments Group Ltd. purchased a new position in shares of NetSol Technologies in the 2nd quarter worth $961,000. Boston Partners purchased a new position in shares of NetSol Technologies in the 2nd quarter worth $1,462,000. Renaissance Technologies LLC boosted its stake in shares of NetSol Technologies by 25.9% in the 2nd quarter. Renaissance Technologies LLC now owns 351,020 shares of the software maker’s stock worth $1,948,000 after buying an additional 72,320 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of NetSol Technologies by 156.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 75,195 shares of the software maker’s stock worth $417,000 after buying an additional 45,928 shares during the last quarter. 24.11% of the stock is owned by institutional investors and hedge funds.

About NetSol Technologies (NASDAQ:NTWK)

NetSol Technologies, Inc designs, develops, markets, and exports software products to the automobile financing and leasing, banking, and financial services industries worldwide. It also provides system integration, consulting, and IT products and services. The company offers NetSol Financial Suite (NFS), an end-to-end solution covering leasing and finance cycle for the asset finance industry; and NFS Ascent platform, a lease accounting and contract processing engine.

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