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

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

NetSol Technologies Stock Down 1.7 %

Shares of NTWK opened at $2.37 on Wednesday. The firm has a market cap of $27.66 million, a PE ratio of -33.85 and a beta of 1.01. The company’s fifty day moving average is $2.52 and its two-hundred day moving average is $2.71. NetSol Technologies has a fifty-two week low of $2.28 and a fifty-two week high of $3.34.

NetSol Technologies (NASDAQ:NTWK) last posted its quarterly earnings results on Thursday, February 13th. The software maker reported ($0.10) earnings per share (EPS) for the quarter. The firm had revenue of $15.54 million for the quarter. NetSol Technologies had a negative net margin of 1.34% and a negative return on equity of 2.11%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Topline Capital Management LLC acquired a new stake in shares of NetSol Technologies in the fourth quarter worth $1,351,000. Dimensional Fund Advisors LP increased its holdings in NetSol Technologies by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 109,247 shares of the software maker’s stock valued at $286,000 after purchasing an additional 4,199 shares in the last quarter. Geode Capital Management LLC increased its holdings in NetSol Technologies by 7.6% in the 3rd quarter. Geode Capital Management LLC now owns 83,386 shares of the software maker’s stock valued at $238,000 after purchasing an additional 5,882 shares in the last quarter. Perritt Capital Management Inc raised its position in NetSol Technologies by 142.3% in the fourth quarter. Perritt Capital Management Inc now owns 50,000 shares of the software maker’s stock valued at $131,000 after purchasing an additional 29,361 shares during the period. Finally, Wolverine Trading LLC lifted its stake in shares of NetSol Technologies by 184.8% during the fourth quarter. Wolverine Trading LLC now owns 12,883 shares of the software maker’s stock worth $36,000 after purchasing an additional 28,083 shares in the last quarter. 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.