NetSol Technologies (NASDAQ:NTWK) Posts Quarterly Earnings Results

NetSol Technologies (NASDAQ:NTWK) released its earnings results on Thursday. The software maker reported ($0.10) EPS for the quarter, Zacks reports. NetSol Technologies had a return on equity of 1.84% and a net margin of 1.17%.

NetSol Technologies Stock Down 3.2 %

Shares of NetSol Technologies stock traded down $0.09 during trading on Thursday, reaching $2.61. The company’s stock had a trading volume of 18,418 shares, compared to its average volume of 22,429. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.01. The company has a market cap of $29.89 million, a price-to-earnings ratio of 37.21 and a beta of 1.07. The company has a 50-day simple moving average of $2.67 and a two-hundred day simple moving average of $2.77. NetSol Technologies has a 1-year low of $2.28 and a 1-year high of $3.34.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on NetSol Technologies in a research report on Thursday, February 6th. They set a “buy” rating for the company.

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.