NetSol Technologies (NASDAQ:NTWK) Announces Quarterly Earnings Results

NetSol Technologies (NASDAQ:NTWK) posted its quarterly earnings data on Thursday. The software maker reported ($0.10) earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $15.54 million for the quarter. NetSol Technologies had a return on equity of 1.84% and a net margin of 1.17%.

NetSol Technologies Trading Down 2.4 %

Shares of NTWK stock traded down $0.06 during trading hours on Friday, reaching $2.44. The company had a trading volume of 19,768 shares, compared to its average volume of 13,566. The company has a 50 day moving average of $2.66 and a 200 day moving average of $2.77. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.08 and a quick ratio of 2.08. The firm has a market cap of $28.01 million, a price-to-earnings ratio of 34.86 and a beta of 1.07. NetSol Technologies has a 1-year low of $2.28 and a 1-year high of $3.34.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on NetSol Technologies in a research note on Friday. 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.