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

Equities researchers at StockNews.com started coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a research note issued to investors on Sunday. The brokerage set a “buy” rating on the software maker’s stock.

NetSol Technologies Stock Performance

NetSol Technologies stock opened at $2.77 on Friday. The company has a market capitalization of $31.58 million, a P/E ratio of -7.29 and a beta of 1.07. NetSol Technologies has a fifty-two week low of $1.72 and a fifty-two week high of $3.10. The stock has a 50-day simple moving average of $2.73 and a 200-day simple moving average of $2.71.

Institutional Trading of NetSol Technologies

A hedge fund recently raised its stake in NetSol Technologies stock. Perritt Capital Management Inc. lifted its stake in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 62.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,639 shares of the software maker’s stock after purchasing an additional 7,900 shares during the quarter. Perritt Capital Management Inc. owned about 0.18% of NetSol Technologies worth $57,000 at the end of the most recent quarter. Hedge funds and other 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.