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

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

NetSol Technologies Stock Performance

NetSol Technologies stock opened at $2.56 on Friday. The company’s 50-day moving average price is $2.77 and its 200-day moving average price is $2.78. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.01. The company has a market cap of $29.38 million, a PE ratio of 36.57 and a beta of 1.07. NetSol Technologies has a twelve month low of $1.99 and a twelve month high of $3.34.

Institutional Investors Weigh In On NetSol Technologies

An institutional investor recently raised its position in NetSol Technologies stock. Geode Capital Management LLC lifted its stake in NetSol Technologies, Inc. (NASDAQ:NTWK) by 7.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 83,386 shares of the software maker’s stock after purchasing an additional 5,882 shares during the quarter. Geode Capital Management LLC owned about 0.73% of NetSol Technologies worth $238,000 at the end of the most recent reporting period. Institutional investors own 16.02% of the company’s stock.

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.