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

StockNews.com assumed coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a research report released on Friday morning. The firm issued a buy rating on the software maker’s stock.

NetSol Technologies Trading Up 3.2 %

NetSol Technologies stock opened at $2.27 on Friday. The stock has a market cap of $26.49 million, a PE ratio of -32.42 and a beta of 0.89. The stock has a 50-day moving average price of $2.43 and a 200 day moving average price of $2.67. NetSol Technologies has a 52 week low of $2.14 and a 52 week high of $3.34.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in NTWK. Topline Capital Management LLC purchased a new stake in shares of NetSol Technologies in the fourth quarter valued at $1,351,000. Dimensional Fund Advisors LP boosted its stake in NetSol Technologies by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 109,247 shares of the software maker’s stock worth $286,000 after buying an additional 4,199 shares during the last quarter. Geode Capital Management LLC grew its holdings 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 valued at $238,000 after buying an additional 5,882 shares during the period. Perritt Capital Management Inc grew its holdings in NetSol Technologies by 142.3% in 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 period. Finally, Wolverine Trading LLC increased its stake in shares of 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 acquiring an additional 28,083 shares during the last quarter. Hedge funds and other 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.