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

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

NetSol Technologies Stock Performance

NTWK stock opened at $2.63 on Tuesday. The stock has a market capitalization of $30.19 million, a PE ratio of 37.57 and a beta of 1.06. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.08 and a quick ratio of 2.08. The company has a 50 day moving average price of $2.69 and a 200 day moving average price of $2.79. NetSol Technologies has a fifty-two week low of $1.99 and a fifty-two week high of $3.34.

Hedge Funds Weigh In On NetSol Technologies

An institutional investor recently raised its position in NetSol Technologies stock. Geode Capital Management LLC raised its holdings in shares of 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 and Exchange Commission. The firm owned 83,386 shares of the software maker’s stock after purchasing an additional 5,882 shares during the period. Geode Capital Management LLC owned 0.73% of NetSol Technologies worth $238,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 16.02% of the company’s stock.

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.