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

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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

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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.

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