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

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

NetSol Technologies Trading Down 2.3 %

Shares of NTWK opened at $2.36 on Monday. The company has a market capitalization of $27.48 million, a price-to-earnings ratio of -33.64 and a beta of 1.06. The stock has a 50 day moving average of $2.38 and a 200 day moving average of $2.60. NetSol Technologies has a 12 month low of $2.14 and a 12 month high of $3.34.

NetSol Technologies (NASDAQ:NTWK) last issued its quarterly earnings results on Thursday, February 13th. The software maker reported ($0.10) earnings per share (EPS) for the quarter. The company 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 Trading of NetSol Technologies

Large investors have recently modified their holdings of the business. Geode Capital Management LLC raised its position 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 worth $238,000 after purchasing an additional 5,882 shares during the period. Topline Capital Management LLC bought a new position in shares of NetSol Technologies during the fourth quarter valued at about $1,351,000. Perritt Capital Management Inc increased its holdings in shares of NetSol Technologies by 142.3% in the fourth 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. Squarepoint Ops LLC bought a new stake in shares of NetSol Technologies in the 4th quarter valued at about $28,000. Finally, Wolverine Trading LLC boosted its holdings in 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 period. 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.