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

StockNews.com assumed coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a research note issued on Saturday. The firm set a “buy” rating on the software maker’s stock.

NetSol Technologies Stock Down 0.4 %

Shares of NASDAQ:NTWK opened at $2.61 on Friday. The firm has a market capitalization of $29.95 million, a PE ratio of 37.29 and a beta of 1.07. NetSol Technologies has a 1 year low of $1.99 and a 1 year high of $3.34. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.08 and a quick ratio of 2.08. The firm’s 50-day moving average is $2.82 and its two-hundred day moving average is $2.79.

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

Institutional Trading of NetSol Technologies

A hedge fund recently raised its stake in NetSol Technologies stock. Geode Capital Management LLC boosted its stake in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 7.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,386 shares of the software maker’s stock after purchasing an additional 5,882 shares during the quarter. Geode Capital Management LLC owned approximately 0.73% of NetSol Technologies worth $238,000 as of its most recent SEC filing. 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.