NetSol Technologies (NASDAQ:NTWK) Coverage Initiated at StockNews.com

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

NetSol Technologies Stock Performance

NetSol Technologies stock opened at $3.15 on Thursday. The stock’s 50 day moving average price is $2.79 and its 200 day moving average price is $2.72. The firm has a market capitalization of $35.93 million, a PE ratio of -8.29 and a beta of 1.07. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.99 and a current ratio of 1.99. NetSol Technologies has a one year low of $1.75 and a one year high of $3.34.

NetSol Technologies (NASDAQ:NTWK) last released its quarterly earnings results on Monday, September 30th. The software maker reported ($0.01) EPS for the quarter. The company had revenue of $16.45 million for the quarter. NetSol Technologies had a return on equity of 1.77% and a net margin of 1.11%.

Hedge Funds Weigh In On NetSol Technologies

A hedge fund recently raised its stake in NetSol Technologies stock. Perritt Capital Management Inc. increased its stake in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 62.0% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 20,639 shares of the software maker’s stock after acquiring an additional 7,900 shares during the period. Perritt Capital Management Inc. owned approximately 0.18% of NetSol Technologies worth $57,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 16.02% of the company’s stock.

About NetSol Technologies

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.