StockNews.com Initiates Coverage on NetSol Technologies (NASDAQ:NTWK)

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

NetSol Technologies Stock Performance

NTWK stock opened at $2.44 on Friday. The business’s fifty day moving average is $2.66 and its 200-day moving average is $2.77. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.01. The company has a market cap of $28.01 million, a P/E ratio of 34.86 and a beta of 1.07. NetSol Technologies has a twelve month low of $2.28 and a twelve month high of $3.34.

NetSol Technologies (NASDAQ:NTWK) last posted its quarterly earnings results on Thursday, February 13th. The software maker reported ($0.10) earnings per share for the quarter. The company had revenue of $15.54 million during the quarter. NetSol Technologies had a net margin of 1.17% and a return on equity of 1.84%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Perritt Capital Management Inc raised its stake 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 worth $131,000 after buying an additional 29,361 shares during the period. Geode Capital Management LLC raised its stake 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 worth $238,000 after buying an additional 5,882 shares during the period. Dimensional Fund Advisors LP raised its stake 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 worth $286,000 after buying an additional 4,199 shares during the period. Finally, Topline Capital Management LLC acquired a new stake in NetSol Technologies during the 4th quarter worth $1,351,000. 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.