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

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

NetSol Technologies Trading Up 4.2 %

NASDAQ NTWK opened at $2.71 on Monday. The company’s 50-day simple moving average is $2.71 and its two-hundred day simple moving average is $2.79. NetSol Technologies has a one year low of $1.99 and a one year high of $3.34. The company has a market capitalization of $31.10 million, a price-to-earnings ratio of 38.71 and a beta of 1.06. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.08 and a current ratio of 2.08.

Institutional Trading of NetSol Technologies

A hedge fund recently raised its stake in NetSol Technologies stock. Geode Capital Management LLC lifted its stake in NetSol Technologies, Inc. (NASDAQ:NTWK) by 7.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 0.73% of NetSol Technologies worth $238,000 at the end of the most recent quarter. 16.02% of the stock is owned by institutional investors and hedge funds.

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.