NetSol Technologies (NASDAQ:NTWK) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com started coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a research note issued on Wednesday. The brokerage set a “buy” rating on the software maker’s stock.

NetSol Technologies Stock Performance

Shares of NTWK opened at $3.13 on Wednesday. The stock has a 50 day moving average price of $2.75 and a 200 day moving average price of $2.71. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $35.72 million, a price-to-earnings ratio of 52.09 and a beta of 1.07. NetSol Technologies has a 52-week low of $1.75 and a 52-week high of $3.15.

NetSol Technologies (NASDAQ:NTWK) last issued its quarterly earnings data on Monday, September 30th. The software maker reported ($0.01) earnings per share for the quarter. NetSol Technologies had a net margin of 1.11% and a return on equity of 1.77%. The firm had revenue of $16.45 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in NetSol Technologies stock. Perritt Capital Management Inc. raised its position in NetSol Technologies, Inc. (NASDAQ:NTWK) by 62.0% during the 1st quarter, according to its most recent disclosure with the SEC. 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 about 0.18% of NetSol Technologies worth $57,000 at the end of the most recent reporting period. 16.02% of the stock is owned by institutional investors and hedge funds.

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.