StockNews.com Begins Coverage on NetSol Technologies (NASDAQ:NTWK)

StockNews.com began coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a research note released on Wednesday. The firm issued a buy rating on the software maker’s stock.

Separately, TheStreet raised NetSol Technologies from a d rating to a c- rating in a research note on Tuesday, February 13th.

NetSol Technologies Trading Down 4.3 %

Shares of NTWK stock opened at $2.66 on Wednesday. NetSol Technologies has a 1 year low of $1.72 and a 1 year high of $3.05. The business’s fifty day moving average is $2.82 and its 200-day moving average is $2.36.

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

Insider Transactions at NetSol Technologies

In other news, CFO Roger Kent Almond sold 9,264 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $2.88, for a total value of $26,680.32. Following the completion of the sale, the chief financial officer now owns 20,736 shares of the company’s stock, valued at $59,719.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 11.71% of the company’s stock.

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.