NetSol Technologies (NASDAQ:NTWK) Receives New Coverage from Analysts at StockNews.com

Equities researchers at StockNews.com started coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a report released on Saturday. The firm set a “buy” rating on the software maker’s stock.

NetSol Technologies Stock Performance

Shares of NTWK stock opened at $2.69 on Friday. The stock’s 50 day simple moving average is $2.72 and its 200 day simple moving average is $2.71. NetSol Technologies has a twelve month low of $1.72 and a twelve month high of $3.10. The company has a market capitalization of $30.68 million, a price-to-earnings ratio of -7.08 and a beta of 1.07.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in NetSol Technologies stock. Perritt Capital Management Inc. lifted its stake in NetSol Technologies, Inc. (NASDAQ:NTWK) by 62.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,639 shares of the software maker’s stock after acquiring an additional 7,900 shares during the period. Perritt Capital Management Inc. owned 0.18% of NetSol Technologies worth $57,000 at the end of the most recent reporting period. 16.02% of the stock is currently owned by institutional investors.

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.