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

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

NetSol Technologies Price Performance

Shares of NASDAQ:NTWK opened at $2.51 on Friday. The business’s 50-day moving average is $2.63 and its 200 day moving average is $2.76. NetSol Technologies has a 1 year low of $2.28 and a 1 year high of $3.34. The firm has a market capitalization of $29.29 million, a P/E ratio of -35.85 and a beta of 1.07.

NetSol Technologies (NASDAQ:NTWK) last announced its quarterly earnings data on Thursday, February 13th. The software maker reported ($0.10) earnings per share for the quarter. The firm had revenue of $15.54 million during the quarter. NetSol Technologies had a negative net margin of 1.34% and a negative return on equity of 2.11%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of NTWK. Geode Capital Management LLC increased its holdings in shares of NetSol Technologies by 7.6% in the third 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 period. Perritt Capital Management Inc increased its holdings in shares of NetSol Technologies by 142.3% in the fourth 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 period. Dimensional Fund Advisors LP grew its holdings in NetSol Technologies by 4.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 109,247 shares of the software maker’s stock worth $286,000 after acquiring an additional 4,199 shares during the period. Topline Capital Management LLC acquired a new stake in NetSol Technologies during the fourth quarter worth about $1,351,000. Finally, Squarepoint Ops LLC acquired a new stake in NetSol Technologies during the fourth quarter worth about $28,000. 16.02% of the stock is owned by institutional investors and hedge funds.

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.