NetSol Technologies (NASDAQ:NTWK) Now Covered by Analysts at StockNews.com

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

NetSol Technologies Stock Performance

NASDAQ:NTWK opened at $2.36 on Monday. The stock’s fifty day moving average price is $2.58 and its two-hundred day moving average price is $2.74. The company has a market cap of $27.54 million, a price-to-earnings ratio of -33.71 and a beta of 1.01. NetSol Technologies has a 52-week low of $2.28 and a 52-week high of $3.34.

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

Institutional Trading of NetSol Technologies

Several institutional investors and hedge funds have recently made changes to their positions in NTWK. Squarepoint Ops LLC bought a new stake in shares of NetSol Technologies in the 4th quarter valued at $28,000. Wolverine Trading LLC increased its position in shares of NetSol Technologies by 184.8% in 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 in the last quarter. Perritt Capital Management Inc increased its position in shares of 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 in the last quarter. Geode Capital Management LLC increased its position in shares of 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 in the last quarter. Finally, Dimensional Fund Advisors LP increased 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 worth $286,000 after purchasing an additional 4,199 shares in the last quarter. 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.