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

StockNews.com began coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a research report sent to investors on Tuesday. The firm issued a buy rating on the software maker’s stock.

NetSol Technologies Price Performance

NTWK opened at $2.38 on Tuesday. The stock has a market cap of $27.77 million, a P/E ratio of -34.00 and a beta of 1.01. The stock’s 50 day simple moving average is $2.56 and its 200 day simple moving average is $2.73. NetSol Technologies has a 1-year low of $2.28 and a 1-year high of $3.34.

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

Institutional Investors Weigh In On NetSol Technologies

Institutional investors and hedge funds have recently modified their holdings of the company. Squarepoint Ops LLC acquired a new stake in shares of NetSol Technologies in the 4th quarter worth approximately $28,000. Wolverine Trading LLC grew its holdings in NetSol Technologies by 184.8% during the 4th quarter. Wolverine Trading LLC now owns 12,883 shares of the software maker’s stock valued at $36,000 after buying an additional 28,083 shares during the last quarter. Perritt Capital Management Inc grew its holdings in NetSol Technologies by 142.3% during the 4th quarter. Perritt Capital Management Inc now owns 50,000 shares of the software maker’s stock valued at $131,000 after buying an additional 29,361 shares during the last quarter. Geode Capital Management LLC grew its holdings in NetSol Technologies by 7.6% during the 3rd quarter. Geode Capital Management LLC now owns 83,386 shares of the software maker’s stock valued at $238,000 after buying an additional 5,882 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in NetSol Technologies by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 109,247 shares of the software maker’s stock valued at $286,000 after buying an additional 4,199 shares during the last quarter. Institutional investors and hedge funds own 16.02% of the company’s stock.

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.