NetSol Technologies (NASDAQ:NTWK) Now Covered by StockNews.com

Posted by ABMN Staff on Dec 15th, 2024

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

NetSol Technologies Price Performance

Shares of NetSol Technologies stock opened at $2.76 on Thursday. NetSol Technologies has a twelve month low of $1.99 and a twelve month high of $3.34. The stock has a market cap of $31.67 million, a price-to-earnings ratio of 39.43 and a beta of 1.07. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.01. The company has a fifty day moving average price of $2.91 and a 200 day moving average price of $2.78.

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

Institutional Investors Weigh In On NetSol Technologies

A hedge fund recently raised its stake in NetSol Technologies stock. Geode Capital Management LLC grew its stake in shares of NetSol Technologies, Inc. (NASDAQ:NTWK – Free Report) by 7.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 83,386 shares of the software maker’s stock after purchasing 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 SEC filing. Hedge funds and other institutional investors own 16.02% of the company’s stock.

NetSol Technologies Company Profile

(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.