NetSol Technologies (NASDAQ:NTWK) Earns Buy Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a report published on Thursday morning. The firm issued a buy rating on the software maker’s stock.

NetSol Technologies Stock Up 1.5 %

NTWK stock opened at $3.11 on Thursday. NetSol Technologies has a one year low of $1.75 and a one year high of $3.34. The firm has a market cap of $35.47 million, a PE ratio of -8.18 and a beta of 1.07. The firm’s 50 day moving average price is $2.81 and its 200-day moving average price is $2.72. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.99 and a current ratio of 1.99.

NetSol Technologies (NASDAQ:NTWK) last posted its earnings results on Monday, September 30th. The software maker reported ($0.01) EPS for the quarter. The business had revenue of $16.45 million during the quarter. NetSol Technologies had a net margin of 1.11% and a return on equity of 1.77%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in NetSol Technologies stock. Perritt Capital Management Inc. increased its position in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 62.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 about 0.18% of NetSol Technologies worth $57,000 at the end of the most recent quarter. 16.02% of the stock is 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.