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

Analysts at StockNews.com began coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a note issued to investors on Tuesday. The brokerage set a “buy” rating on the software maker’s stock.

Separately, TheStreet raised shares of NetSol Technologies from a “d” rating to a “c-” rating in a research note on Tuesday, February 13th.

NetSol Technologies Stock Performance

NASDAQ:NTWK opened at $2.67 on Tuesday. The firm’s 50-day moving average is $2.80 and its 200-day moving average is $2.33. NetSol Technologies has a 52-week low of $1.72 and a 52-week high of $3.05. The company has a market cap of $30.41 million, a price-to-earnings ratio of -14.83 and a beta of 1.12.

NetSol Technologies (NASDAQ:NTWK) last posted its quarterly earnings data on Tuesday, February 13th. The software maker reported $0.04 earnings per share (EPS) for the quarter. NetSol Technologies had a negative net margin of 3.68% and a negative return on equity of 5.47%. The company had revenue of $15.24 million for the quarter.

Insider Activity at NetSol Technologies

In related news, CFO Roger Kent Almond sold 9,264 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $2.88, for a total value of $26,680.32. Following the sale, the chief financial officer now owns 20,736 shares of the company’s stock, valued at $59,719.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 11.71% of the stock is currently owned by insiders.

Hedge Funds Weigh In On NetSol Technologies

A hedge fund recently raised its stake in NetSol Technologies stock. Vanguard Group Inc. raised its position in NetSol Technologies, Inc. (NASDAQ:NTWK) by 9.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 649,497 shares of the software maker’s stock after buying an additional 57,003 shares during the period. Vanguard Group Inc. owned 5.71% of NetSol Technologies worth $1,176,000 as of its most recent SEC filing. 16.02% of the stock is owned by hedge funds and other institutional investors.

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.