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

Equities research analysts at StockNews.com assumed coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a research report issued to clients and investors on Friday. The brokerage set a “buy” rating on the software maker’s stock.

NetSol Technologies Stock Performance

NTWK opened at $2.44 on Friday. The business’s 50-day moving average price is $2.66 and its two-hundred day moving average price is $2.77. NetSol Technologies has a 1 year low of $2.28 and a 1 year high of $3.34. The company has a market capitalization of $28.01 million, a price-to-earnings ratio of 34.86 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 (NASDAQ:NTWK) last released its quarterly earnings results on Thursday, February 13th. The software maker reported ($0.10) earnings per share (EPS) for the quarter. NetSol Technologies had a net margin of 1.17% and a return on equity of 1.84%. The firm had revenue of $15.54 million during the quarter.

Institutional Trading of NetSol Technologies

Several hedge funds and other institutional investors have recently modified their holdings of NTWK. Perritt Capital Management Inc grew its holdings in shares of NetSol Technologies by 142.3% in the 4th quarter. Perritt Capital Management Inc now owns 50,000 shares of the software maker’s stock valued at $131,000 after acquiring an additional 29,361 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of 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 acquiring an additional 5,882 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of 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 acquiring an additional 4,199 shares in the last quarter. Finally, Topline Capital Management LLC bought a new position in shares of NetSol Technologies in the 4th quarter valued at about $1,351,000. Institutional investors and hedge funds 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.