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

StockNews.com started coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a research note published on Sunday. The brokerage issued a buy rating on the software maker’s stock.

NetSol Technologies Stock Down 2.1 %

NASDAQ NTWK opened at $2.42 on Friday. The stock’s 50-day simple moving average is $2.39 and its two-hundred day simple moving average is $2.63. NetSol Technologies has a twelve month low of $2.14 and a twelve month high of $3.34. The company has a market capitalization of $28.23 million, a price-to-earnings ratio of -34.55 and a beta of 0.89.

NetSol Technologies (NASDAQ:NTWK) last announced its quarterly earnings data on Thursday, February 13th. The software maker reported ($0.10) earnings per share for the quarter. The firm 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%.

Hedge Funds Weigh In On NetSol Technologies

A number of large investors have recently added to or reduced their stakes in NTWK. Topline Capital Management LLC bought a new position in shares of NetSol Technologies during the fourth quarter valued at about $1,351,000. Dimensional Fund Advisors LP boosted 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 acquiring an additional 4,199 shares during the period. Geode Capital Management LLC grew its position 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 acquiring an additional 5,882 shares during the last quarter. Perritt Capital Management Inc increased its stake 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 worth $131,000 after purchasing an additional 29,361 shares during the period. Finally, Wolverine Trading LLC lifted its position in NetSol Technologies by 184.8% in the fourth quarter. Wolverine Trading LLC now owns 12,883 shares of the software maker’s stock valued at $36,000 after purchasing an additional 28,083 shares during the last quarter. Hedge funds and other institutional investors 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.