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

Investment analysts at StockNews.com assumed coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a research report issued on Thursday. The brokerage set a “buy” rating on the software maker’s stock.

NetSol Technologies Trading Up 0.9 %

NASDAQ:NTWK opened at $2.68 on Thursday. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.01. NetSol Technologies has a 52-week low of $2.09 and a 52-week high of $3.34. The stock’s 50 day moving average price is $2.67 and its 200 day moving average price is $2.78. The company has a market capitalization of $30.81 million, a PE ratio of 38.34 and a beta of 1.07.

Institutional Trading of NetSol Technologies

A hedge fund recently raised its stake in NetSol Technologies stock. Geode Capital Management LLC grew its holdings in NetSol Technologies, Inc. (NASDAQ:NTWK) by 7.6% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 83,386 shares of the software maker’s stock after buying 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 reporting period. Hedge funds and other institutional investors 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.