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

Stock analysts at StockNews.com began coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a report released on Tuesday. The firm set a “buy” rating on the software maker’s stock.

NetSol Technologies Price Performance

NTWK opened at $2.68 on Tuesday. NetSol Technologies has a 1 year low of $1.94 and a 1 year high of $3.34. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.08 and a quick ratio of 2.08. The company has a market capitalization of $30.77 million, a price-to-earnings ratio of 38.29 and a beta of 1.07. The firm’s fifty day moving average price is $2.94 and its two-hundred day moving average price is $2.77.

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

Institutional Investors Weigh In On NetSol Technologies

A hedge fund recently raised its stake in NetSol Technologies stock. Geode Capital Management LLC boosted its position in NetSol Technologies, Inc. (NASDAQ:NTWK) by 7.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,386 shares of the software maker’s stock after buying an additional 5,882 shares during the quarter. Geode Capital Management LLC owned approximately 0.73% of NetSol Technologies worth $238,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 16.02% of the stock is owned by institutional investors.

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.