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

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

NetSol Technologies Stock Performance

Shares of NTWK opened at $2.56 on Friday. 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 firm’s fifty day simple moving average is $2.77 and its two-hundred day simple moving average is $2.78. NetSol Technologies has a 12 month low of $1.99 and a 12 month high of $3.34. The stock has a market capitalization of $29.38 million, a P/E ratio of 36.57 and a beta of 1.07.

Institutional Investors Weigh In On NetSol Technologies

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

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.