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

Equities research analysts at StockNews.com began coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a report issued on Monday. The firm set a “buy” rating on the software maker’s stock.

NetSol Technologies Trading Down 6.3 %

Shares of NTWK stock opened at $2.69 on Monday. The stock has a market cap of $30.88 million, a price-to-earnings ratio of 38.43 and a beta of 1.07. The stock has a 50-day moving average of $2.96 and a 200-day moving average of $2.77. The company has a current ratio of 2.08, a quick ratio of 1.99 and a debt-to-equity ratio of 0.01. NetSol Technologies has a 1-year low of $1.93 and a 1-year high of $3.34.

NetSol Technologies (NASDAQ:NTWK) last issued its quarterly earnings results on Monday, September 30th. The software maker reported ($0.01) earnings per share for the quarter. The company had revenue of $16.45 million during the quarter. NetSol Technologies had a net margin of 1.17% and a return on equity of 1.84%.

Institutional Investors Weigh In On NetSol Technologies

An institutional investor recently raised its position in NetSol Technologies stock. Geode Capital Management LLC lifted its holdings in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 7.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,386 shares of the software maker’s stock after purchasing an additional 5,882 shares during the period. Geode Capital Management LLC owned 0.73% of NetSol Technologies worth $238,000 at the end of the most recent reporting period. Hedge funds and other institutional investors 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.