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

Equities researchers at StockNews.com assumed coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a note issued to investors on Tuesday. The brokerage set a “buy” rating on the software maker’s stock.

NetSol Technologies Stock Performance

NASDAQ:NTWK opened at $2.33 on Tuesday. NetSol Technologies has a 1 year low of $2.28 and a 1 year high of $3.34. The stock has a market cap of $27.19 million, a P/E ratio of -33.28 and a beta of 1.01. The stock has a 50-day simple moving average of $2.56 and a 200-day simple moving average of $2.73.

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

Institutional Investors Weigh In On NetSol Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased its position in shares of NetSol Technologies by 7.6% during the third quarter. Geode Capital Management LLC now owns 83,386 shares of the software maker’s stock worth $238,000 after purchasing an additional 5,882 shares in the last quarter. Perritt Capital Management Inc boosted its position in shares of NetSol Technologies by 142.3% in the 4th quarter. Perritt Capital Management Inc now owns 50,000 shares of the software maker’s stock valued at $131,000 after purchasing an additional 29,361 shares during the period. Dimensional Fund Advisors LP grew its stake in NetSol Technologies by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 109,247 shares of the software maker’s stock worth $286,000 after buying an additional 4,199 shares during the last quarter. Topline Capital Management LLC acquired a new position in NetSol Technologies during the fourth quarter worth approximately $1,351,000. Finally, Squarepoint Ops LLC purchased a new stake in NetSol Technologies in the fourth quarter valued at approximately $28,000. 16.02% of the stock is currently owned by institutional investors and hedge funds.

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.