Shares of Netsol Technologies (Nasdaq:NTWK) were gapping down Thursday morning with an open price 32.9% lower than Wednesday's closing price. The stock closed at $1.52 yesterday and opened today's trading at $1.02.
NEW YORK ( TheStreet) -- Shares of Netsol Technologies (Nasdaq: NTWK) were gapping down Thursday morning with an open price 32.9% lower than Wednesday's closing price. The stock closed at $1.52 Wednesday and opened today's trading at $1.02. The average volume for Netsol has been 756,700 shares per day over the past 30 days. Netsol has a market cap of $80.8 million and is part of the technology sector and computer software & services industry. Shares are down 19% year to date as of the close of trading on Wednesday. Netsol Technologies, Inc. designs, develops, and markets software products for the automobile finance and leasing, banking, healthcare, and financial services industries worldwide. It offers NetSol Financial Suite, which is an end-to-end solution that covers the leasing and finance cycle. The company has a P/E ratio of 8.1, above the average computer software & services industry P/E ratio of 7.9 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Netsol as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full Netsol Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.