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

StockNews.com began coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a research report report published on Wednesday. The firm issued a buy rating on the software maker’s stock.

NetSol Technologies Stock Down 2.1%

Shares of NASDAQ:NTWK opened at $2.81 on Wednesday. The business has a 50 day moving average price of $2.43 and a 200 day moving average price of $2.57. NetSol Technologies has a twelve month low of $2.14 and a twelve month high of $3.34. The company has a market cap of $32.91 million, a price-to-earnings ratio of -40.14 and a beta of 1.06.

NetSol Technologies (NASDAQ:NTWK) last announced its earnings results on Wednesday, May 14th. The software maker reported $0.12 earnings per share for the quarter. NetSol Technologies had a negative return on equity of 2.11% and a negative net margin of 1.34%. The firm had revenue of $17.54 million during the quarter.

Institutional Trading of NetSol Technologies

Several hedge funds have recently added to or reduced their stakes in the business. Squarepoint Ops LLC bought a new stake in shares of NetSol Technologies in the 4th quarter worth approximately $28,000. Wolverine Trading LLC lifted 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 worth $36,000 after acquiring an additional 28,083 shares during the period. Perritt Capital Management Inc lifted 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 worth $131,000 after acquiring an additional 29,361 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of NetSol Technologies by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 109,247 shares of the software maker’s stock worth $286,000 after acquiring an additional 4,199 shares during the period. Finally, Topline Capital Management LLC bought a new stake in shares of NetSol Technologies in the 4th quarter worth approximately $1,351,000. 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.