Today’s Stock Alert: Time to Buy NetSol Technologies Inc. After Reaching 52-Week Low?

Today's Stock Alert: Time to Buy NetSol Technologies Inc. After Reaching 52 Week Low?

The stock of NetSol Technologies Inc. (NASDAQ:NTWK) hit a new 52-week low and has $4.75 target or 12.00% below today’s $5.40 share price. The 9 months bearish chart indicates high risk for the $59.18M company. The 1-year low was reported on Nov, 14 by Barchart.com. If the $4.75 price target is reached, the company will be worth $7.10M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 159,252 shares traded hands or 436.73% up from the average. NetSol Technologies Inc. (NASDAQ:NTWK) has declined 12.14% since April 12, 2016 and is downtrending. It has underperformed by 17.13% the S&P500.

According to Zacks Investment Research, “NetSol Technologies is a multinational provider of enterprise software and IT services to the financial services industry. NetSol helps clients to identify, evaluate and implement technology solutions to meet their strategic business challenges and maximize their bottom line. By utilizing its worldwide resources, NetSol delivers high-quality, cost-effective equipment and vehicle finance portfolio management solutions. The Company also delivers managed IT services ranging from consulting and application development to systems integration and development outsourcing. NetSol’s commitment to quality is demonstrated by its achievement of both ISO 9001 and SEI (Software Engineering Institute) CMMi (Capability Maturity Model) Level 5 assessment, a distinction shared by only 94 companies worldwide. The Company’s clients include global automakers, financial institutions, technology companies and governmental agencies.”

Insitutional Activity: The institutional sentiment decreased to 0.62 in 2016 Q2. Its down 1.88, from 2.5 in 2016Q1. The ratio worsened, as 2 funds sold all NetSol Technologies Inc. shares owned while 11 reduced positions. 4 funds bought stakes while 4 increased positions. They now own 1.48 million shares or 2.29% more from 1.45 million shares in 2016Q1.
Creative Planning accumulated 0% or 7,550 shares. California Employees Retirement Systems holds 19,480 shares or 0% of its portfolio. Tower Capital Ltd Liability Corporation (Trc), a New York-based fund reported 369 shares. Moreover, Morgan Stanley has 0% invested in NetSol Technologies Inc. (NASDAQ:NTWK) for 5,601 shares. Wells Fargo Mn owns 400 shares or 0% of their US portfolio. Globeflex Lp last reported 92 shares in the company. Bridgeway Capital Management Inc has 0% invested in the company for 47,680 shares. Raymond James And Assoc accumulated 0% or 19,500 shares. Walleye Trading Ltd Liability owns 1,800 shares or 0% of their US portfolio. Geode Mgmt Lc reported 52,458 shares or 0% of all its holdings. Northern Tru has invested 0% of its portfolio in NetSol Technologies Inc. (NASDAQ:NTWK). Vanguard Inc holds 0% of its portfolio in NetSol Technologies Inc. (NASDAQ:NTWK) for 366,118 shares. Renaissance Techs Limited Liability Corporation last reported 294,100 shares in the company. Federated Invsts Pa holds 968 shares or 0% of its portfolio. Susquehanna Group Inc Limited Liability Partnership has 30,540 shares for 0% of their US portfolio.

More notable recent NetSol Technologies Inc. (NASDAQ:NTWK) news were published by: Nasdaq.com which released: “NETSOL Technologies Announces Fiscal 2017 First Quarter Financial Results” on November 14, 2016, also Quotes.Wsj.com with their article: “News NetSol Technologies Inc.NTWK” published on February 11, 2011, Seekingalpha.com published: “The Ugly Duckling Ready To Fly: NetSol Technologies” on September 24, 2016. More interesting news about NetSol Technologies Inc. (NASDAQ:NTWK) were released by: Seekingalpha.com and their article: “NetSol Technologies Rebooted” published on February 15, 2016 as well as Globenewswire.com‘s news article titled: “NetSol Technologies Carries Out Six China VAT Implementations in less than Two …” with publication date: July 18, 2016.

NTWK Company Profile

NetSol Technologies, Inc., incorporated on March 18, 1997, is a well-known provider of information technology (IT) and enterprise software solutions. The Firm is engaged in the licensing, customization, enhancement and maintenance of its suite of financial applications under the brand names, NetSol Financial Suite (NFS) and NFS Ascent, for businesses in the lease and finance industry. The Company’s divisions include North America, Europe and Asia-Pacific. The Company’s offerings include its global solution, NFS. The four applications under NFS have been designed and developed for a setting, and deals with multinational, multi-company, multi-asset, multi-lingual, multi-distributor and multi-manufacturer environments. Each application is used independently to address specific sub-domains of the leasing/financing cycle.

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