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

StockNews.com initiated coverage on shares of NetSol Technologies (NASDAQ:NTWKFree Report) in a research note released on Saturday. The brokerage issued a buy rating on the software maker’s stock.

Separately, TheStreet upgraded shares of NetSol Technologies from a d rating to a c- rating in a research report on Tuesday, February 13th.

Get Our Latest Analysis on NTWK

NetSol Technologies Stock Performance

Shares of NetSol Technologies stock opened at $2.68 on Friday. The firm has a 50-day simple moving average of $2.72 and a two-hundred day simple moving average of $2.45. The company has a market cap of $30.55 million, a P/E ratio of -14.89 and a beta of 1.12. NetSol Technologies has a fifty-two week low of $1.72 and a fifty-two week high of $3.05.

Insider Buying and Selling

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 transaction of $26,680.32. Following the completion of the transaction, the chief financial officer now owns 20,736 shares in the company, valued at approximately $59,719.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 13.16% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in NetSol Technologies stock. Perritt Capital Management Inc. increased its stake in shares of NetSol Technologies, Inc. (NASDAQ:NTWKFree Report) by 62.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,639 shares of the software maker’s stock after purchasing an additional 7,900 shares during the period. Perritt Capital Management Inc. owned 0.18% of NetSol Technologies worth $57,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 16.02% of the company’s stock.

About NetSol Technologies

(Get Free Report)

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.

Read More

Receive News & Ratings for NetSol Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NetSol Technologies and related companies with MarketBeat.com's FREE daily email newsletter.