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

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

NetSol Technologies Price Performance

Shares of NASDAQ:NTWK opened at $3.18 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.99 and a current ratio of 1.99. The firm has a market cap of $36.35 million, a price-to-earnings ratio of 52.50 and a beta of 1.07. The firm has a fifty day moving average price of $2.94 and a 200 day moving average price of $2.76. NetSol Technologies has a fifty-two week low of $1.92 and a fifty-two week high of $3.34.

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

Institutional Trading of NetSol Technologies

A hedge fund recently raised its stake in NetSol Technologies stock. Perritt Capital Management Inc. increased its holdings in NetSol Technologies, Inc. (NASDAQ:NTWK) by 62.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,639 shares of the software maker’s stock after purchasing 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 quarter. 16.02% of the stock is owned by institutional investors.

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.