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

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

Separately, TheStreet raised NetSol Technologies from a d rating to a c- rating in a report on Tuesday, February 13th.

NetSol Technologies Trading Down 4.3 %

NASDAQ NTWK opened at $2.66 on Wednesday. The stock’s 50 day moving average is $2.82 and its two-hundred day moving average is $2.37. The company has a market capitalization of $30.34 million, a price-to-earnings ratio of -14.78 and a beta of 1.12. NetSol Technologies has a 1-year low of $1.72 and a 1-year high of $3.05.

NetSol Technologies (NASDAQ:NTWK) last released its quarterly earnings data on Tuesday, February 13th. The software maker reported $0.04 earnings per share for the quarter. The company had revenue of $15.24 million for the quarter. NetSol Technologies had a negative return on equity of 5.47% and a negative net margin of 3.68%.

Insider Transactions at NetSol Technologies

In other news, CFO Roger Kent Almond sold 9,264 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $2.88, for a total value of $26,680.32. Following the transaction, the chief financial officer now directly owns 20,736 shares of the company’s stock, valued at approximately $59,719.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.71% of the stock is owned by company insiders.

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.