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

StockNews.com assumed coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a research note issued to investors on Friday. The firm issued a buy rating on the software maker’s stock.

NetSol Technologies Stock Performance

NASDAQ NTWK opened at $2.44 on Friday. The stock has a market capitalization of $28.01 million, a PE ratio of 34.86 and a beta of 1.07. The business has a 50 day simple moving average of $2.66 and a two-hundred day simple moving average of $2.77. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.08 and a quick ratio of 2.08. NetSol Technologies has a 1-year low of $2.28 and a 1-year high of $3.34.

NetSol Technologies (NASDAQ:NTWK) last released its quarterly earnings results on Thursday, February 13th. The software maker reported ($0.10) earnings per share for the quarter. NetSol Technologies had a net margin of 1.17% and a return on equity of 1.84%.

Hedge Funds Weigh In On NetSol Technologies

Institutional investors have recently added to or reduced their stakes in the company. Perritt Capital Management Inc lifted its stake in shares of NetSol Technologies by 142.3% in the 4th quarter. Perritt Capital Management Inc now owns 50,000 shares of the software maker’s stock valued at $131,000 after purchasing an additional 29,361 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of NetSol Technologies by 7.6% in the 3rd quarter. Geode Capital Management LLC now owns 83,386 shares of the software maker’s stock valued at $238,000 after purchasing an additional 5,882 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of NetSol Technologies by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 109,247 shares of the software maker’s stock valued at $286,000 after purchasing an additional 4,199 shares during the last quarter. Finally, Topline Capital Management LLC bought a new stake in shares of NetSol Technologies in the 4th quarter valued at approximately $1,351,000. Hedge funds and other institutional investors own 16.02% of the company’s stock.

About NetSol Technologies

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.