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

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

NetSol Technologies Stock Performance

Shares of NTWK stock opened at $2.56 on Thursday. NetSol Technologies has a one year low of $1.72 and a one year high of $3.05. The company’s fifty day moving average price is $2.61 and its 200-day moving average price is $2.55.

NetSol Technologies (NASDAQ:NTWK) last announced its quarterly earnings data on Monday, May 20th. The software maker reported $0.03 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.

Hedge Funds Weigh In On NetSol Technologies

An institutional investor recently raised its position in NetSol Technologies stock. Perritt Capital Management Inc. boosted its stake in NetSol Technologies, Inc. (NASDAQ:NTWK) by 62.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,639 shares of the software maker’s stock after purchasing an additional 7,900 shares during the quarter. Perritt Capital Management Inc. owned about 0.18% of NetSol Technologies worth $57,000 as of its most recent SEC filing. Institutional investors and hedge funds own 16.02% of the company’s stock.

NetSol Technologies Company Profile

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.