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

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

NetSol Technologies Stock Up 1.6 %

NTWK opened at $2.85 on Tuesday. NetSol Technologies has a twelve month low of $1.75 and a twelve month high of $3.10. The company has a 50-day simple moving average of $2.74 and a 200 day simple moving average of $2.70. The stock has a market capitalization of $32.50 million, a price-to-earnings ratio of -7.50 and a beta of 1.07.

Institutional Inflows and Outflows

An institutional investor recently raised its position in NetSol Technologies stock. Perritt Capital Management Inc. raised its stake in NetSol Technologies, Inc. (NASDAQ:NTWK) by 62.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,639 shares of the software maker’s stock after acquiring an additional 7,900 shares during the quarter. Perritt Capital Management Inc. owned approximately 0.18% of NetSol Technologies worth $57,000 as of its most recent SEC filing. 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.