NetSol Technologies, Inc. (NASDAQ:NTWK) Shares Acquired by Perritt Capital Management Inc

Perritt Capital Management Inc increased its holdings in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 142.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,000 shares of the software maker’s stock after purchasing an additional 29,361 shares during the quarter. Perritt Capital Management Inc owned approximately 0.44% of NetSol Technologies worth $131,000 at the end of the most recent quarter.

Separately, Geode Capital Management LLC lifted its position in shares of 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 last quarter. 16.02% of the stock is owned by institutional investors and hedge funds.

NetSol Technologies Stock Performance

NTWK opened at $2.42 on Wednesday. NetSol Technologies, Inc. has a one year low of $2.28 and a one year high of $3.34. The stock has a market capitalization of $28.24 million, a P/E ratio of -34.57 and a beta of 1.01. The business’s 50-day simple moving average is $2.51 and its 200-day simple moving average is $2.71.

NetSol Technologies (NASDAQ:NTWK) last released 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%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of NetSol Technologies in a research report on Wednesday, March 26th. They issued a “buy” rating on the 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.