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

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

NetSol Technologies Price Performance

NetSol Technologies stock opened at $2.65 on Thursday. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average price of $2.67 and a 200 day moving average price of $2.78. NetSol Technologies has a 12-month low of $2.09 and a 12-month high of $3.34. The stock has a market cap of $30.42 million, a P/E ratio of 37.86 and a beta of 1.07.

Institutional Inflows and Outflows

An institutional investor recently raised its position in NetSol Technologies stock. Geode Capital Management LLC increased its stake in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 7.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 83,386 shares of the software maker’s stock after purchasing an additional 5,882 shares during the period. Geode Capital Management LLC owned approximately 0.73% of NetSol Technologies worth $238,000 at the end of the most recent reporting period. Institutional investors 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.