NetSol Technologies (NASDAQ:NTWK) Coverage Initiated by Analysts at StockNews.com

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

NetSol Technologies Trading Down 0.4 %

Shares of NTWK stock opened at $2.61 on Friday. NetSol Technologies has a fifty-two week low of $1.99 and a fifty-two week high of $3.34. The company has a 50 day moving average price of $2.82 and a 200 day moving average price of $2.79. The stock has a market capitalization of $29.95 million, a P/E ratio of 37.29 and a beta of 1.07. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.08 and a current ratio of 2.08.

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

Hedge Funds Weigh In On NetSol Technologies

An institutional investor recently raised its position in NetSol Technologies stock. Geode Capital Management LLC raised its position in NetSol Technologies, Inc. (NASDAQ:NTWK) by 7.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 83,386 shares of the software maker’s stock after acquiring an additional 5,882 shares during the quarter. Geode Capital Management LLC owned approximately 0.73% of NetSol Technologies worth $238,000 as of its most recent SEC filing. 16.02% of the stock is currently owned by hedge funds and other institutional investors.

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.