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

StockNews.com began coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a research note issued to investors on Monday. The brokerage issued a buy rating on the software maker’s stock.

NetSol Technologies Stock Down 0.8 %

Shares of NASDAQ:NTWK opened at $2.56 on Monday. The firm has a market cap of $29.38 million, a PE ratio of 36.86 and a beta of 1.07. The company has a fifty day simple moving average of $2.95 and a 200 day simple moving average of $2.77. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.01. NetSol Technologies has a 12-month low of $1.94 and a 12-month high of $3.34.

NetSol Technologies (NASDAQ:NTWK) last posted its quarterly earnings results on Monday, September 30th. The software maker reported ($0.01) EPS for the quarter. NetSol Technologies had a return on equity of 1.84% and a net margin of 1.17%. The firm had revenue of $16.45 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in NetSol Technologies stock. Perritt Capital Management Inc. grew its holdings in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 62.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,639 shares of the software maker’s stock after buying 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 filing with the Securities and Exchange Commission. 16.02% of the stock is owned by hedge funds and other 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.