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 published on Friday morning. The firm issued a buy rating on the software maker’s stock.

NetSol Technologies Stock Performance

NASDAQ:NTWK opened at $3.15 on Friday. NetSol Technologies has a 12-month low of $1.75 and a 12-month high of $3.34. The firm has a market capitalization of $36.00 million, a P/E ratio of 52.51 and a beta of 1.07. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.99 and a quick ratio of 1.99. The business has a 50 day simple moving average of $2.86 and a 200 day simple moving average of $2.73.

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. The business had revenue of $16.45 million for the quarter. NetSol Technologies had a net margin of 1.11% and a return on equity of 1.77%.

Institutional Trading of NetSol Technologies

An institutional investor recently raised its position in NetSol Technologies stock. Perritt Capital Management Inc. lifted its position in NetSol Technologies, Inc. (NASDAQ:NTWK) by 62.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 approximately 0.18% of NetSol Technologies worth $57,000 at the end of the most recent reporting period. 16.02% of the stock is currently owned by institutional investors.

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.