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

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

NetSol Technologies Stock Performance

NetSol Technologies stock opened at $2.60 on Monday. NetSol Technologies has a 1-year low of $1.99 and a 1-year high of $3.34. The firm has a market cap of $29.84 million, a P/E ratio of 37.14 and a beta of 1.06. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average of $2.72 and a 200-day moving average of $2.79.

Institutional Investors Weigh In On NetSol Technologies

A hedge fund recently raised its stake 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 currently owned by 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.