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 research report sent to investors on Tuesday morning. The brokerage issued a buy rating on the software maker’s stock.

NetSol Technologies Trading Up 0.8 %

NASDAQ:NTWK opened at $2.68 on Tuesday. NetSol Technologies has a 52 week low of $1.94 and a 52 week high of $3.34. The firm’s fifty day moving average is $2.94 and its 200-day moving average is $2.77. The firm has a market cap of $30.75 million, a P/E ratio of 38.29 and a beta of 1.07. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.08 and a current ratio of 2.08.

NetSol Technologies (NASDAQ:NTWK) last issued its quarterly earnings results on Monday, September 30th. The software maker reported ($0.01) earnings per share for the quarter. NetSol Technologies had a return on equity of 1.84% and a net margin of 1.17%. The business had revenue of $16.45 million for the quarter.

Hedge Funds Weigh In On NetSol Technologies

An institutional investor recently raised its position in NetSol Technologies stock. Geode Capital Management LLC increased its stake in NetSol Technologies, Inc. (NASDAQ:NTWK) by 7.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,386 shares of the software maker’s stock after acquiring an additional 5,882 shares during the quarter. Geode Capital Management LLC owned 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.

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.