There aren’t many companies reporting earnings these days, but one that caught our eye today was NetSol Technologies. Unfortunately for investors, it did not grab our attention for a positive reason.
The micro-cap company provides IT and enterprise software solutions to the global automobile financing and leasing, banking, and financial services industries. It released fiscal fourth-quarter earnings today that apparently the market didn’t love.
As a result, $NTWK shares plunged 24% to new all-time lows. It’s now down 99.96% from its post-split all-time highs of 4,000 set during the dot-com bubble. When you see charts like this, it’s a not-so-subtle reminder that investing is hard… 😱