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 Monday. The brokerage issued a buy rating on the software maker’s stock.

NetSol Technologies Trading Down 3.7 %

NASDAQ:NTWK opened at $2.37 on Monday. The firm has a market cap of $27.66 million, a price-to-earnings ratio of -33.85 and a beta of 1.01. NetSol Technologies has a twelve month low of $2.28 and a twelve month high of $3.34. The company has a 50-day moving average of $2.59 and a 200-day moving average of $2.74.

NetSol Technologies (NASDAQ:NTWK) last released its quarterly earnings data on Thursday, February 13th. The software maker reported ($0.10) earnings per share for the quarter. The company had revenue of $15.54 million for the quarter. NetSol Technologies had a negative return on equity of 2.11% and a negative net margin of 1.34%.

Hedge Funds Weigh In On NetSol Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Topline Capital Management LLC purchased a new position in shares of NetSol Technologies during the fourth quarter valued at $1,351,000. Perritt Capital Management Inc boosted its stake in shares of NetSol Technologies by 142.3% during the 4th quarter. Perritt Capital Management Inc now owns 50,000 shares of the software maker’s stock valued at $131,000 after buying an additional 29,361 shares during the period. Wolverine Trading LLC grew its holdings in shares of NetSol Technologies by 184.8% during the 4th quarter. Wolverine Trading LLC now owns 12,883 shares of the software maker’s stock valued at $36,000 after acquiring an additional 28,083 shares in the last quarter. Squarepoint Ops LLC purchased a new position in NetSol Technologies in the fourth quarter valued at about $28,000. Finally, Geode Capital Management LLC lifted its holdings in shares of NetSol Technologies by 7.6% during the 3rd quarter. Geode Capital Management LLC now owns 83,386 shares of the software maker’s stock valued at $238,000 after buying an additional 5,882 shares during the last quarter. 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.