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

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

NetSol Technologies Trading Down 0.4 %

NetSol Technologies stock opened at $2.56 on Friday. NetSol Technologies has a 1 year low of $1.99 and a 1 year high of $3.34. The firm’s 50 day moving average price is $2.77 and its 200-day moving average price is $2.78. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.08 and a quick ratio of 2.08. The stock has a market cap of $29.38 million, a P/E ratio of 36.57 and a beta of 1.07.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in NetSol Technologies stock. Geode Capital Management LLC boosted its position in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 7.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 83,386 shares of the software maker’s stock after buying an additional 5,882 shares during the period. Geode Capital Management LLC owned approximately 0.73% of NetSol Technologies worth $238,000 as of its most recent SEC filing. Institutional investors and hedge funds own 16.02% of the company’s stock.

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.