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

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

NetSol Technologies Trading Up 2.5 %

Shares of NetSol Technologies stock opened at $2.48 on Thursday. The firm’s 50 day simple moving average is $2.50 and its two-hundred day simple moving average is $2.71. The firm has a market capitalization of $28.94 million, a price-to-earnings ratio of -35.42 and a beta of 1.01. NetSol Technologies has a 12-month low of $2.28 and a 12-month high of $3.34.

NetSol Technologies (NASDAQ:NTWK) last issued its earnings results on Thursday, February 13th. The software maker reported ($0.10) earnings per share (EPS) for the quarter. NetSol Technologies had a negative return on equity of 2.11% and a negative net margin of 1.34%. The firm had revenue of $15.54 million during the quarter.

Institutional Trading of NetSol Technologies

Several large investors have recently made changes to their positions in NTWK. Squarepoint Ops LLC purchased a new stake in NetSol Technologies in the fourth quarter valued at $28,000. Wolverine Trading LLC grew its holdings in NetSol Technologies by 184.8% during the fourth quarter. Wolverine Trading LLC now owns 12,883 shares of the software maker’s stock worth $36,000 after acquiring an additional 28,083 shares during the period. Perritt Capital Management Inc raised its position in NetSol Technologies by 142.3% during the fourth quarter. Perritt Capital Management Inc now owns 50,000 shares of the software maker’s stock valued at $131,000 after acquiring an additional 29,361 shares in the last quarter. Geode Capital Management LLC boosted its position in NetSol Technologies by 7.6% in the 3rd quarter. Geode Capital Management LLC now owns 83,386 shares of the software maker’s stock worth $238,000 after purchasing an additional 5,882 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of NetSol Technologies by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 109,247 shares of the software maker’s stock worth $286,000 after purchasing an additional 4,199 shares during the period. 16.02% of the stock is owned by hedge funds and other 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.