NetSol Technologies (NASDAQ:NTWK) Coverage Initiated by Analysts at StockNews.com

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

NetSol Technologies Stock Down 0.4 %

NASDAQ:NTWK opened at $2.67 on Tuesday. The company’s 50-day simple moving average is $2.94 and its 200-day simple moving average is $2.77. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.08 and a current ratio of 2.08. NetSol Technologies has a fifty-two week low of $1.94 and a fifty-two week high of $3.34. The stock has a market capitalization of $30.65 million, a P/E ratio of 38.14 and a beta of 1.07.

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 net margin of 1.17% and a return on equity of 1.84%. The firm had revenue of $16.45 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in NetSol Technologies stock. Geode Capital Management LLC grew its holdings in NetSol Technologies, Inc. (NASDAQ:NTWK) by 7.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 83,386 shares of the software maker’s stock after acquiring an additional 5,882 shares during the quarter. Geode Capital Management LLC owned 0.73% of NetSol Technologies worth $238,000 at the end of the most recent reporting period. 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.