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

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

NetSol Technologies Stock Performance

NetSol Technologies stock opened at $2.40 on Tuesday. The stock has a 50-day simple moving average of $2.54 and a 200-day simple moving average of $2.73. The company has a market capitalization of $28.01 million, a P/E ratio of -34.28 and a beta of 1.01. 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 data on Thursday, February 13th. The software maker reported ($0.10) EPS for the quarter. The company 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 Trading of NetSol Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its stake in NetSol Technologies by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 109,247 shares of the software maker’s stock valued at $286,000 after acquiring an additional 4,199 shares during the last quarter. Geode Capital Management LLC increased its position in NetSol Technologies by 7.6% during the 3rd quarter. Geode Capital Management LLC now owns 83,386 shares of the software maker’s stock worth $238,000 after purchasing an additional 5,882 shares during the period. Squarepoint Ops LLC acquired a new position in NetSol Technologies during the 4th quarter worth approximately $28,000. Wolverine Trading LLC increased its position in NetSol Technologies by 184.8% during the 4th 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 during the period. Finally, Perritt Capital Management Inc increased its position in NetSol Technologies by 142.3% during the 4th quarter. Perritt Capital Management Inc now owns 50,000 shares of the software maker’s stock worth $131,000 after purchasing an additional 29,361 shares during the period. 16.02% of the stock is owned by hedge funds and other institutional investors.

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.