StockNews.com Initiates Coverage on NetSol Technologies (NASDAQ:NTWK)

Research analysts at StockNews.com assumed coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a note issued to investors on Monday. The brokerage set a “buy” rating on the software maker’s stock.

NetSol Technologies Price Performance

Shares of NTWK opened at $2.60 on Monday. The business has a 50-day moving average of $2.71 and a 200-day moving average of $2.79. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.08 and a quick ratio of 2.08. The company has a market capitalization of $29.84 million, a price-to-earnings ratio of 37.14 and a beta of 1.06. NetSol Technologies has a 1 year low of $1.99 and a 1 year high of $3.34.

Hedge Funds Weigh In On NetSol Technologies

An institutional investor recently raised its position in NetSol Technologies stock. Geode Capital Management LLC grew its holdings in NetSol Technologies, Inc. (NASDAQ:NTWK) by 7.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,386 shares of the software maker’s stock after purchasing an additional 5,882 shares during the quarter. Geode Capital Management LLC owned about 0.73% of NetSol Technologies worth $238,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.