Shares of Netsol Technologies (Nasdaq:NTWK) have taken a tremendous swing upward. The stock is trading at 51 cents as of 1 p.m. ET, 21% above Monday's closing price of 42 cents. Volume is at 820,367, 2.7 times the daily average of 307,200.
NEW YORK ( TheStreet) -- Shares of Netsol Technologies (Nasdaq: NTWK) have taken a tremendous swing upward. The stock is trading at 51 cents as of 1 p.m. ET, 21% above Monday's closing price of 42 cents. Volume is at 820,367, 2.7 times the daily average of 307,200. Netsol has a market cap of $24.6 million and is part of the technology sector and computer software & services industry. Shares are down 75.6% year to date as of the close of trading on Monday. NetSol Technologies, Inc. designs, develops, and markets software products for the automobile finance and leasing, banking, healthcare, and financial services industries worldwide. The company offers NetSol Financial Suite (NFS), an end-to-end solution that covers the leasing and finance cycle. The company has a P/E ratio of 3.8, above the average computer software & services industry P/E ratio of 2.5 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 largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and a generally disappointing performance in the stock itself. You can view the full Netsol Ratings Report. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center. Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting SOAR to 95370 or select from multiple alert options.