NetSol Technologies (NASDAQ:NTWK) Now Covered by StockNews.com

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

NetSol Technologies Trading Up 1.5 %

Shares of NetSol Technologies stock opened at $2.77 on Friday. The business has a 50-day moving average price of $2.73 and a two-hundred day moving average price of $2.71. NetSol Technologies has a 1-year low of $1.72 and a 1-year high of $3.10. The company has a market cap of $31.59 million, a P/E ratio of -7.29 and a beta of 1.07.

Institutional Trading of NetSol Technologies

An institutional investor recently raised its position in NetSol Technologies stock. Perritt Capital Management Inc. increased its position in NetSol Technologies, Inc. (NASDAQ:NTWK) by 62.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,639 shares of the software maker’s stock after buying an additional 7,900 shares during the period. Perritt Capital Management Inc. owned 0.18% of NetSol Technologies worth $57,000 at the end of the most recent reporting period. Institutional investors 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.