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

Analysts at StockNews.com started coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a research report issued on Sunday. The brokerage set a “buy” rating on the software maker’s stock.

NetSol Technologies Stock Up 2.3 %

NTWK opened at $3.15 on Friday. The company has a market cap of $36.01 million, a PE ratio of 52.50 and a beta of 1.07. NetSol Technologies has a twelve month low of $1.92 and a twelve month high of $3.34. The company has a 50-day moving average price of $2.93 and a 200 day moving average price of $2.76. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.02.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in NetSol Technologies stock. Perritt Capital Management Inc. increased its stake in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 62.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,639 shares of the software maker’s stock after buying an additional 7,900 shares during the quarter. Perritt Capital Management Inc. owned about 0.18% of NetSol Technologies worth $57,000 at the end of the most recent reporting period. 16.02% of the stock is owned by institutional investors.

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.