Somewhat Favorable Media Coverage Somewhat Unlikely to Impact NetSol Technologies (NTWK) Stock Price

News coverage about NetSol Technologies (NASDAQ:NTWK) has trended somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. NetSol Technologies earned a news impact score of 0.06 on Accern’s scale. Accern also gave media coverage about the software maker an impact score of 47.1430365047035 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the news headlines that may have impacted Accern Sentiment’s rankings:

Separately, TheStreet cut shares of NetSol Technologies from a “c-” rating to a “d” rating in a research note on Thursday, September 28th.

NetSol Technologies (NASDAQ:NTWK) traded up $0.15 during trading on Tuesday, hitting $3.55. 49,700 shares of the company’s stock traded hands, compared to its average volume of 29,156. NetSol Technologies has a one year low of $3.09 and a one year high of $5.90.

NetSol Technologies (NASDAQ:NTWK) last released its quarterly earnings results on Wednesday, September 27th. The software maker reported ($0.28) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.26). NetSol Technologies had a negative return on equity of 4.82% and a negative net margin of 6.01%. The firm had revenue of $14.48 million for the quarter.

NetSol Technologies announced that its board has initiated a stock buyback program on Tuesday, July 18th that authorizes the company to repurchase 500,000 outstanding shares. This repurchase authorization authorizes the software maker to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

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About NetSol Technologies

NetSol Technologies, Inc is a provider of information technology (IT) and enterprise software solutions. The Company 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.

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