NETSOL Technologies Inc. (NTWK) is one of the best performing stocks in the technology sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on April 21. Shares of NTWK have climbed 3.16% about 30 minutes into the session to $4.9 after closing the day prior at $4.75. It’s early, but the stock has traded as high as $4.9 and as low as $4.7 so far. Today’s quick advance has come with about 1,291 shares changing hands, compared to an average 30-day volume of 37,267 for NETSOL Technologies Inc.. The price is currently below the 30-day volume weighted average price of $4.72 for NTWK.
The share appreciation gives the company a market capitalization of $52.22 million based upon 10.99 million shares outstanding. It also means that NTWK has a price-to-book ratio of 0.85:1 and a price-to-earnings ratio of 245.0:1.
In the past 52 weeks, shares of NTWK have traded as low as $4.35 and as high as $7.46. Technical traders will take note that at $4.9, shares of NTWK are trading below their 200-day MA at $5.63 and below their 50-day MA at $5.03. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is NTWK?
Netsol Technologies Inc and subsidiaries designs, develops, markets, and exports proprietary software products to customers in the automobile finance and leasing, banking, healthcare, and financial services industries globally. The company’s 1630 employees are led by CEO Najeeb U. Ghauri from the corporate headquarters at 24025 Park Sorrento.
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