NetSol Technologies (NASDAQ:NTWK) Earns Buy Rating from Analysts at StockNews.com

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

NetSol Technologies Stock Down 1.7 %

NTWK opened at $2.36 on Friday. The stock’s 50 day moving average price is $2.39 and its two-hundred day moving average price is $2.65. The firm has a market capitalization of $27.54 million, a P/E ratio of -33.71 and a beta of 0.89. NetSol Technologies has a 12-month low of $2.14 and a 12-month high of $3.34.

NetSol Technologies (NASDAQ:NTWK) last posted its earnings results 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 return on equity of 2.11% and a negative net margin of 1.34%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Topline Capital Management LLC bought a new position in NetSol Technologies in the fourth quarter valued at approximately $1,351,000. Perritt Capital Management Inc grew its stake in shares of 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 buying an additional 29,361 shares in the last quarter. Wolverine Trading LLC increased its holdings in 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 buying an additional 28,083 shares during the last quarter. Squarepoint Ops LLC bought a new stake in NetSol Technologies during the fourth quarter worth $28,000. Finally, Geode Capital Management LLC lifted its stake in NetSol Technologies by 7.6% in the third 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 during the last quarter. 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.