NetSol Technologies (NASDAQ:NTWK) Now Covered by Analysts at StockNews.com

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

NetSol Technologies Stock Down 0.4 %

Shares of NASDAQ:NTWK opened at $2.46 on Friday. The company has a market capitalization of $28.71 million, a price-to-earnings ratio of -35.14 and a beta of 1.07. The company has a 50 day moving average of $2.61 and a two-hundred day moving average of $2.75. NetSol Technologies has a 52-week low of $2.28 and a 52-week high of $3.34.

NetSol Technologies (NASDAQ:NTWK) last released its earnings results on Thursday, February 13th. The software maker reported ($0.10) EPS for the quarter. The business had revenue of $15.54 million for the quarter. NetSol Technologies had a negative net margin of 1.34% and a negative return on equity of 2.11%.

Hedge Funds Weigh In On NetSol Technologies

Several institutional investors and hedge funds have recently made changes to their positions in NTWK. Squarepoint Ops LLC purchased a new position in shares of NetSol Technologies during the 4th quarter valued at approximately $28,000. Wolverine Trading LLC boosted its stake in shares of NetSol Technologies by 184.8% during the 4th quarter. Wolverine Trading LLC now owns 12,883 shares of the software maker’s stock valued at $36,000 after buying an additional 28,083 shares during the last quarter. Perritt Capital Management Inc lifted its stake in NetSol Technologies by 142.3% during the fourth quarter. Perritt Capital Management Inc now owns 50,000 shares of the software maker’s stock worth $131,000 after purchasing an additional 29,361 shares during the last quarter. Geode Capital Management LLC lifted its stake in NetSol Technologies by 7.6% during the third quarter. Geode Capital Management LLC now owns 83,386 shares of the software maker’s stock worth $238,000 after purchasing an additional 5,882 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake 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 purchasing an additional 4,199 shares during the last quarter. 16.02% of the stock is currently owned by hedge funds and other institutional investors.

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.