StockNews.com Begins Coverage on NetSol Technologies (NASDAQ:NTWK)

Stock analysts at StockNews.com started coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a research note issued to investors on Friday. The brokerage set a “buy” rating on the software maker’s stock.

NetSol Technologies Price Performance

Shares of NetSol Technologies stock opened at $2.66 on Friday. NetSol Technologies has a 1-year low of $1.99 and a 1-year high of $3.34. The firm has a fifty day simple moving average of $2.88 and a 200-day simple moving average of $2.78. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $30.52 million, a price-to-earnings ratio of 38.00 and a beta of 1.07.

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

Institutional Trading of NetSol Technologies

A hedge fund recently raised its stake in NetSol Technologies stock. Geode Capital Management LLC grew its holdings in NetSol Technologies, Inc. (NASDAQ:NTWK) by 7.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 83,386 shares of the software maker’s stock after acquiring an additional 5,882 shares during the quarter. Geode Capital Management LLC owned 0.73% of NetSol Technologies worth $238,000 as of its most recent filing with the Securities and Exchange Commission. 16.02% of the stock is owned by institutional investors and hedge funds.

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.