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

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

NetSol Technologies Stock Performance

Shares of NTWK opened at $2.69 on Tuesday. The firm’s 50 day moving average is $2.94 and its 200-day moving average is $2.77. The stock has a market capitalization of $30.88 million, a P/E ratio of 38.43 and a beta of 1.07. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.08 and a quick ratio of 2.08. NetSol Technologies has a 12-month low of $1.94 and a 12-month high of $3.34.

NetSol Technologies (NASDAQ:NTWK) last announced its quarterly earnings data on Monday, September 30th. The software maker reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $16.45 million during the quarter. NetSol Technologies had a return on equity of 1.84% and a net margin of 1.17%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in NetSol Technologies stock. Geode Capital Management LLC lifted its position in NetSol Technologies, Inc. (NASDAQ:NTWK) by 7.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 83,386 shares of the software maker’s stock after acquiring an additional 5,882 shares during the period. Geode Capital Management LLC owned about 0.73% of NetSol Technologies worth $238,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 16.02% of the company’s stock.

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.