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

StockNews.com assumed coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a research note released on Wednesday. The firm issued a buy rating on the software maker’s stock.

NetSol Technologies Price Performance

Shares of NASDAQ NTWK opened at $2.36 on Wednesday. The business has a fifty day moving average price of $2.53 and a two-hundred day moving average price of $2.72. The stock has a market capitalization of $27.54 million, a PE ratio of -33.71 and a beta of 1.01. NetSol Technologies has a fifty-two week low of $2.28 and a fifty-two week high of $3.34.

NetSol Technologies (NASDAQ:NTWK) last posted its quarterly earnings results on Thursday, February 13th. The software maker reported ($0.10) EPS for the quarter. The company 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 Trading of NetSol Technologies

Several large investors have recently made changes to their positions in the company. Squarepoint Ops LLC acquired a new position in NetSol Technologies during the fourth quarter valued at approximately $28,000. Wolverine Trading LLC increased its stake in shares of NetSol Technologies by 184.8% in the 4th quarter. Wolverine Trading LLC now owns 12,883 shares of the software maker’s stock valued at $36,000 after purchasing an additional 28,083 shares during the last quarter. Perritt Capital Management Inc raised its holdings 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 worth $131,000 after buying an additional 29,361 shares in the last quarter. Geode Capital Management LLC lifted its position 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 worth $238,000 after buying an additional 5,882 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in NetSol Technologies by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 109,247 shares of the software maker’s stock valued at $286,000 after buying an additional 4,199 shares in 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.