NetSol Technologies (NASDAQ:NTWK) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a research note published on Wednesday morning. The brokerage issued a buy rating on the software maker’s stock.

NetSol Technologies Stock Performance

NetSol Technologies stock opened at $2.62 on Wednesday. NetSol Technologies has a 52 week low of $1.72 and a 52 week high of $3.05. The firm has a market cap of $29.88 million, a P/E ratio of -6.89 and a beta of 1.07. The business’s fifty day moving average is $2.62 and its two-hundred day moving average is $2.53.

NetSol Technologies (NASDAQ:NTWK) last issued its quarterly earnings results on Monday, May 20th. The software maker reported $0.03 earnings per share (EPS) for the quarter. NetSol Technologies had a negative return on equity of 11.38% and a negative net margin of 7.33%. The business had revenue of $15.47 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in NetSol Technologies stock. Perritt Capital Management Inc. boosted its stake in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 62.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,639 shares of the software maker’s stock after purchasing an additional 7,900 shares during the period. Perritt Capital Management Inc. owned 0.18% of NetSol Technologies worth $57,000 as of its most recent filing with the SEC. 16.02% of the stock is currently owned by institutional investors and hedge funds.

About NetSol Technologies

NetSol Technologies, Inc designs, develops, markets, and exports enterprise software solutions to the automobile financing and leasing, banking, and financial services industries worldwide. The company offers NFS Ascent, a suite of financial applications for businesses in the finance and leasing industry.