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

Equities researchers at StockNews.com began coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a note issued to investors on Thursday. The brokerage set a “buy” rating on the software maker’s stock.

NetSol Technologies Price Performance

Shares of NTWK stock opened at $2.76 on Thursday. NetSol Technologies has a 12-month low of $1.99 and a 12-month high of $3.34. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average of $2.91 and a 200-day moving average of $2.78. The company has a market capitalization of $31.68 million, a price-to-earnings ratio of 39.57 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 (EPS) for the quarter. The firm had revenue of $16.45 million during the quarter. NetSol Technologies had a net margin of 1.17% and a return on equity of 1.84%.

Institutional Trading of NetSol Technologies

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