NetSol Technologies (NTWK) Upgraded to C- by TheStreet

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NetSol Technologies (NASDAQ:NTWK) was upgraded by equities research analysts at TheStreet from a “d+” rating to a “c-” rating in a report issued on Tuesday, May 29th.

Separately, ValuEngine raised shares of NetSol Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, May 17th.

Shares of NetSol Technologies traded down $0.05, reaching $5.80, during mid-day trading on Tuesday, Marketbeat Ratings reports. 27,385 shares of the company were exchanged, compared to its average volume of 59,760. NetSol Technologies has a 1 year low of $3.09 and a 1 year high of $6.60.

NetSol Technologies (NASDAQ:NTWK) last issued its quarterly earnings results on Monday, May 14th. The software maker reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.19. NetSol Technologies had a net margin of 0.01% and a return on equity of 0.01%. The company had revenue of $17.04 million during the quarter.

NetSol Technologies declared that its Board of Directors has approved a stock buyback plan on Tuesday, February 27th that allows the company to repurchase 500,000 shares. This repurchase authorization allows the software maker to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

An institutional investor recently raised its position in NetSol Technologies stock. Raymond James & Associates increased its stake in shares of NetSol Technologies (NASDAQ:NTWK) by 22.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,369 shares of the software maker’s stock after acquiring an additional 19,202 shares during the quarter. Raymond James & Associates owned about 0.94% of NetSol Technologies worth $501,000 at the end of the most recent quarter. 19.05% of the stock is currently owned by hedge funds and other institutional investors.

About NetSol Technologies

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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