What NetSol Technologies, Inc.’s (NASDAQ:NTWK) 29% Share Price Gain Is Not Telling You
NetSol Technologies, Inc. (NASDAQ:NTWK) shares have continued their recent momentum with a 29% gain in the last month alone. The last 30 days bring the annual gain to a very sharp 83%.
Following the firm bounce in price, NetSol Technologies may be sending bearish signals at the moment with its price-to-earnings (or “P/E”) ratio of 21.3x, since almost half of all companies in the United States have P/E ratios under 19x and even P/E’s lower than 11x are not unusual. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the elevated P/E.
With earnings growth that’s…
