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

Posted by ABMN Staff on Nov 20th, 2024

Investment analysts at StockNews.com started coverage on shares of NetSol Technologies (NASDAQ:NTWK – Get Free Report) in a research note issued to investors on Monday. The brokerage set a “buy” rating on the software maker’s stock.

NetSol Technologies Stock Performance

Shares of NetSol Technologies stock opened at $2.58 on Monday. The firm’s fifty day simple moving average is $2.96 and its 200-day simple moving average is $2.77. NetSol Technologies has a 12 month low of $1.94 and a 12 month high of $3.34. The stock has a market capitalization of $29.62 million, a price-to-earnings ratio of 36.86 and a beta of 1.07. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.08 and a quick ratio of 2.08.

NetSol Technologies (NASDAQ:NTWK – Get Free Report) last announced its earnings results on Monday, September 30th. The software maker reported ($0.01) EPS for the quarter. NetSol Technologies had a net margin of 1.17% and a return on equity of 1.84%. The business had revenue of $16.45 million during the quarter.

Institutional Investors Weigh In On NetSol Technologies

A hedge fund recently raised its stake in NetSol Technologies stock. Geode Capital Management LLC grew its position in NetSol Technologies, Inc. (NASDAQ:NTWK – Free Report) by 7.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,386 shares of the software maker’s stock after acquiring an additional 5,882 shares during the period. Geode Capital Management LLC owned about 0.73% of NetSol Technologies worth $238,000 at the end of the most recent quarter. Institutional investors and hedge funds own 16.02% of the company’s stock.

About NetSol Technologies

(Get Free Report)

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.