NTWK Stock Plunges Amid Broader Software Service Sector Decline

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5 days ago
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NTWK experienced a significant drop in its stock price, falling by 5.50% to $2.92 per share with a trading volume of 11,947 shares. The turnover rate was 0.10%, and the stock's amplitude reached 3.66%. The software service sector as a whole declined by 3.47%.

Recent financial reports reveal NTWK's revenue was $61.39 million and net profit stood at $683,873. The earnings per share were $0.06, with a gross profit of $29.28 million. The price-to-earnings (P/E) ratio is currently at 49.17. No institutional ratings for this stock are available at the moment.

In the software service industry, other stocks like Sanhe Intelligent and Nvni Group Ltd have seen significant gains, while companies such as Cemtrex Inc. and Phunware, Inc. have been very active, showing high turnover rates of 752.24% and 67.19%, respectively. Stocks like Sanhe Intelligent exhibited substantial amplitude, reaching as high as 78.85%.

NTWK is dedicated to delivering IT and enterprise software solutions. Its offerings include NFS Ascent, NFS Digital, Leasepak Cloud, alongside business consulting and information security services, with operations in North America, Europe, and the Asia-Pacific region. The company's revenue is generated from the licensing, customization, enhancement, and maintenance of financial applications, marketed under the NFS Financial Suite.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.