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

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

NetSol Technologies Stock Performance

NASDAQ:NTWK opened at $2.66 on Tuesday. NetSol Technologies has a 1-year low of $1.94 and a 1-year high of $3.34. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.08 and a quick ratio of 2.08. The business has a 50 day moving average of $2.94 and a 200 day moving average of $2.77. The company has a market capitalization of $30.54 million, a price-to-earnings ratio of 38.00 and a beta of 1.07.

NetSol Technologies (NASDAQ:NTWK) last announced its quarterly earnings data on Monday, September 30th. The software maker reported ($0.01) earnings per share for the quarter. NetSol Technologies had a return on equity of 1.84% and a net margin of 1.17%. The business had revenue of $16.45 million during the quarter.

Hedge Funds Weigh In On NetSol Technologies

An institutional investor recently raised its position in NetSol Technologies stock. Geode Capital Management LLC grew its stake in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 7.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 83,386 shares of the software maker’s stock after purchasing an additional 5,882 shares during the quarter. Geode Capital Management LLC owned approximately 0.73% of NetSol Technologies worth $238,000 at the end of the most recent 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.