NetSol Technologies (NASDAQ:NTWK) Issues Quarterly Earnings Results

NetSol Technologies (NASDAQ:NTWK) released its quarterly earnings results on Monday. The software maker reported ($0.01) earnings per share (EPS) for the quarter, reports. NetSol Technologies had a negative net margin of 7.33% and a negative return on equity of 11.38%. The firm had revenue of $16.45 million during the quarter.

NetSol Technologies Trading Down 1.8 %

NASDAQ NTWK opened at $2.80 on Wednesday. The company has a market cap of $31.93 million, a price-to-earnings ratio of -7.37 and a beta of 1.07. The company has a 50 day moving average of $2.74 and a 200-day moving average of $2.70. NetSol Technologies has a 1-year low of $1.75 and a 1-year high of $3.10.

Institutional Investors Weigh In On NetSol Technologies

An institutional investor recently raised its position in NetSol Technologies stock. Perritt Capital Management Inc. raised its position in NetSol Technologies, Inc. (NASDAQ:NTWK) by 62.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,639 shares of the software maker’s stock after buying an additional 7,900 shares during the quarter. Perritt Capital Management Inc. owned about 0.18% of NetSol Technologies worth $57,000 at the end of the most recent quarter. 16.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of NetSol Technologies in a research note on Tuesday. They issued a “buy” rating on the 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.