NetSol Technologies (NASDAQ:NTWK) Now Covered by StockNews.com

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

NetSol Technologies Stock Down 1.7 %

NetSol Technologies stock opened at $2.81 on Monday. The stock has a market cap of $32.05 million, a PE ratio of -7.39 and a beta of 1.07. NetSol Technologies has a 12-month low of $1.75 and a 12-month high of $3.10. The business’s 50-day moving average price is $2.74 and its two-hundred day moving average price is $2.71.

Hedge Funds Weigh In On NetSol Technologies

An institutional investor recently raised its position in NetSol Technologies stock. Perritt Capital Management Inc. increased its holdings in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 62.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,639 shares of the software maker’s stock after buying an additional 7,900 shares during the period. Perritt Capital Management Inc. owned about 0.18% of NetSol Technologies worth $57,000 at the end of the most recent quarter. 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.