NetSol Technologies (NASDAQ:NTWK) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com began coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a note issued to investors on Friday. The brokerage set a “buy” rating on the software maker’s stock.

NetSol Technologies Stock Up 1.0 %

Shares of NASDAQ NTWK opened at $3.15 on Friday. The business has a 50-day moving average price of $2.84 and a 200 day moving average price of $2.73. The stock has a market cap of $36.00 million, a PE ratio of 52.51 and a beta of 1.07. 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 has a 52-week low of $1.75 and a 52-week high of $3.34.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in NetSol Technologies stock. Perritt Capital Management Inc. boosted its position in NetSol Technologies, Inc. (NASDAQ:NTWK) by 62.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,639 shares of the software maker’s stock after purchasing an additional 7,900 shares during the period. Perritt Capital Management Inc. owned about 0.18% of NetSol Technologies worth $57,000 as of its most recent SEC filing. Hedge funds and other 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.