NetSol Technologies (NASDAQ:NTWK) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a research report sent to investors on Sunday. The firm issued a buy rating on the software maker’s stock.

NetSol Technologies Price Performance

Shares of NetSol Technologies stock opened at $3.18 on Friday. The stock has a market cap of $36.35 million, a P/E ratio of 52.50 and a beta of 1.07. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.99 and a current ratio of 1.99. The stock’s fifty day moving average is $2.94 and its 200 day moving average is $2.76. NetSol Technologies has a one year low of $1.92 and a one year high of $3.34.

NetSol Technologies (NASDAQ:NTWK) last released its earnings results on Monday, September 30th. The software maker reported ($0.01) earnings per share (EPS) for the quarter. NetSol Technologies had a return on equity of 1.77% and a net margin of 1.11%. The firm had revenue of $16.45 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in NetSol Technologies stock. Perritt Capital Management Inc. grew its holdings in NetSol Technologies, Inc. (NASDAQ:NTWK) by 62.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,639 shares of the software maker’s stock after acquiring an additional 7,900 shares during the period. Perritt Capital Management Inc. owned about 0.18% of NetSol Technologies worth $57,000 as of its most recent filing with the Securities & Exchange Commission. 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.