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

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

NetSol Technologies Stock Performance

Shares of NTWK stock opened at $2.76 on Thursday. The company has a market capitalization of $31.67 million, a P/E ratio of 39.43 and a beta of 1.07. 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 business’s 50 day moving average is $2.91 and its two-hundred day moving average is $2.78. NetSol Technologies has a twelve month low of $1.99 and a twelve month high of $3.34.

NetSol Technologies (NASDAQ:NTWK) last announced its quarterly earnings data on Monday, September 30th. The software maker reported ($0.01) EPS for the quarter. The firm 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 Trading of NetSol Technologies

An institutional investor recently raised its position in NetSol Technologies stock. Geode Capital Management LLC boosted its position in NetSol Technologies, Inc. (NASDAQ:NTWK) by 7.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 83,386 shares of the software maker’s stock after acquiring an additional 5,882 shares during the period. Geode Capital Management LLC owned about 0.73% of NetSol Technologies worth $238,000 at the end of the most recent reporting period. 16.02% of the stock is currently 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.