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

StockNews.com initiated coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a research report report published on Saturday morning. The firm issued a buy rating on the software maker’s stock.

NetSol Technologies Trading Up 2.0 %

NASDAQ:NTWK opened at $3.03 on Friday. The business’s 50-day moving average is $2.90 and its two-hundred day moving average is $2.75. The firm has a market capitalization of $34.63 million, a PE ratio of 50.51 and a beta of 1.07. NetSol Technologies has a 12 month low of $1.81 and a 12 month high of $3.34. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.99 and a quick ratio of 1.99.

NetSol Technologies (NASDAQ:NTWK) last announced its earnings results on Monday, September 30th. The software maker reported ($0.01) EPS for the quarter. NetSol Technologies had a net margin of 1.11% and a return on equity of 1.77%. The company had revenue of $16.45 million for the quarter.

Hedge Funds Weigh In On NetSol Technologies

A hedge fund recently raised its stake in NetSol Technologies stock. Perritt Capital Management Inc. boosted its holdings in NetSol Technologies, Inc. (NASDAQ:NTWK) by 62.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,639 shares of the software maker’s stock after purchasing an additional 7,900 shares during the period. Perritt Capital Management Inc. owned about 0.18% of NetSol Technologies worth $57,000 at the end of the most recent reporting period. 16.02% of the stock is owned by hedge funds and other 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.