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NetSol Technologies (NTWK) Jumps: Stock Moves Up 6%


NetSol Technologies, Inc. NTWK was a big mover last session, as the company saw its shares climb almost 6% on the day. The upside was driven by the company’s announcement of encouraging fourth quarter and fiscal 2016 results. This also led to far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $5.88 to $6.18 in the past one-month time frame.

The company has not seen any estimate revision in the past one month and its Zacks Consensus Estimate has also remained unchanged. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

NetSol Technologies currently carries a Zacks Rank #3 (Hold).



A better-ranked stock in the software industry is Avid Tech, Inc. AVID, sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is NTWK going up? Or down? Predict to see what others think: Up or Down

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