NetSol Technologies (NASDAQ:NTWK) Earns Buy Rating from Analysts at StockNews.com

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

NetSol Technologies Stock Performance

Shares of NASDAQ NTWK opened at $2.54 on Thursday. The company has a market cap of $28.96 million, a PE ratio of -6.68 and a beta of 1.07. The business has a 50-day simple moving average of $2.60 and a two-hundred day simple moving average of $2.56. NetSol Technologies has a fifty-two week low of $1.72 and a fifty-two week high of $3.05.

NetSol Technologies (NASDAQ:NTWK) last issued its quarterly earnings results on Monday, May 20th. The software maker reported $0.03 earnings per share for the quarter. The business had revenue of $15.47 million during the quarter. NetSol Technologies had a negative return on equity of 11.38% and a negative net margin of 7.33%.

Institutional Investors Weigh In On NetSol Technologies

A hedge fund recently raised its stake in NetSol Technologies stock. Perritt Capital Management Inc. increased its position in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 62.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,639 shares of the software maker’s stock after purchasing an additional 7,900 shares during the quarter. Perritt Capital Management Inc. owned 0.18% of NetSol Technologies worth $57,000 as of its most recent SEC filing. Institutional investors and hedge funds own 16.02% of the company’s stock.

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.