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

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

NetSol Technologies Stock Performance

NASDAQ:NTWK opened at $2.66 on Friday. The business’s 50-day moving average is $2.87 and its two-hundred day moving average is $2.79. The firm has a market capitalization of $30.52 million, a PE ratio of 38.00 and a beta of 1.07. NetSol Technologies has a 12 month low of $1.99 and a 12 month high of $3.34. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.08 and a quick ratio of 2.08.

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

Institutional Investors Weigh In On NetSol Technologies

A hedge fund recently raised its stake in NetSol Technologies stock. Geode Capital Management LLC increased its position in NetSol Technologies, Inc. (NASDAQ:NTWK) by 7.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 83,386 shares of the software maker’s stock after acquiring an additional 5,882 shares during the period. Geode Capital Management LLC owned approximately 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.