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

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

NetSol Technologies Stock Up 0.7 %

NASDAQ NTWK opened at $2.86 on Monday. NetSol Technologies has a 12-month low of $1.75 and a 12-month high of $3.10. The company has a market capitalization of $32.62 million, a PE ratio of -7.53 and a beta of 1.07. The firm’s 50 day moving average is $2.75 and its 200-day moving average is $2.71.

Institutional Trading of NetSol Technologies

A hedge fund recently raised its stake in NetSol Technologies stock. Perritt Capital Management Inc. increased its position in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 62.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission. 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.