NetSol Technologies (NTWK, Financial) experienced a significant stock price drop of 5.08%, bringing the shares down to $2.99 with a trading volume of 17,937 shares and a turnover rate of 0.16%. The price fluctuations reached 5.87% during the recent financial disclosures.
The latest financial results show NetSol Technologies recorded a revenue of $61.39 million and a net profit of $683,873, with an earnings per share (EPS) of $0.06. The company's gross profit stood at $29.28 million, resulting in a price-to-earnings (P/E) ratio of 50.84. Currently, no institutional ratings are available suggesting "buy," "hold," or "sell" positions for NTWK.
Overall, the software services industry witnessed a modest rise of 0.36%. Within the sector, related stocks such as Brand Engagement Network Inc, Jet.AI, and Phunware, Inc. saw substantial gains. Active stocks included Cemtrex Inc., Jet.AI, and Versus Systems Inc., with turnover rates of 2156.81%, 316.71%, and 72.91%, respectively. High volatility was noted in Surgepays Inc, Triller Group Inc, as their price amplitude reached 84.00%, 41.38%, and 32.10%.
NetSol Technologies is a provider of IT and enterprise software solutions, offering products and services like NFS Ascent, NFS Digital, Leasepak Cloud, business consulting, and information security. The company operates across North America, Europe, and the Asia-Pacific, generating revenue through licensing, customization, enhancement, and maintenance of financial applications.
