StockNews.com Begins Coverage on NetSol Technologies (NASDAQ:NTWK)

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

NetSol Technologies Trading Down 0.4 %

NTWK opened at $2.66 on Tuesday. The firm has a market capitalization of $30.54 million, a price-to-earnings ratio of 38.00 and a beta of 1.07. NetSol Technologies has a one year low of $1.94 and a one year high of $3.34. The business has a 50 day simple moving average of $2.94 and a two-hundred day simple moving average of $2.77. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.08 and a quick ratio of 2.08.

NetSol Technologies (NASDAQ:NTWK) last released its quarterly earnings results on Monday, September 30th. The software maker reported ($0.01) earnings per share for the quarter. The company had revenue of $16.45 million during the quarter. NetSol Technologies had a net margin of 1.17% and a return on equity of 1.84%.

Hedge Funds Weigh In On NetSol Technologies

An institutional investor recently raised its position in NetSol Technologies stock. Geode Capital Management LLC grew its position in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 7.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 83,386 shares of the software maker’s stock after acquiring an additional 5,882 shares during the period. Geode Capital Management LLC owned about 0.73% of NetSol Technologies worth $238,000 at the end of the most recent quarter. 16.02% of the stock is owned by institutional investors.

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.