NetSol Technologies (NASDAQ:NTWK) Receives New Coverage from Analysts at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a research note issued on Tuesday. The firm set a “buy” rating on the software maker’s stock.

Separately, TheStreet upgraded shares of NetSol Technologies from a “d” rating to a “c-” rating in a research report on Tuesday, February 13th.

NetSol Technologies Trading Up 3.8 %

NASDAQ NTWK opened at $2.72 on Tuesday. NetSol Technologies has a 1 year low of $1.72 and a 1 year high of $3.05. The company has a market cap of $31.01 million, a PE ratio of -7.16 and a beta of 1.07. The stock’s 50-day moving average price is $2.64 and its two-hundred day moving average price is $2.51.

Insider Buying and Selling

In other news, CFO Roger Kent Almond sold 9,264 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $2.88, for a total value of $26,680.32. Following the transaction, the chief financial officer now owns 20,736 shares in the company, valued at approximately $59,719.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 13.16% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in NetSol Technologies stock. Perritt Capital Management Inc. grew its stake in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 62.0% during the 1st quarter, according to the company in its most recent filing with the Securities & 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 0.18% of NetSol Technologies worth $57,000 as of its most recent SEC filing. 16.02% of the stock is owned by hedge funds and other 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.