StockNews.com Initiates Coverage on NetSol Technologies (NASDAQ:NTWK)

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

Separately, TheStreet raised NetSol Technologies from a d rating to a c- rating in a report on Tuesday, February 13th.

NetSol Technologies Trading Down 2.6 %

Shares of NTWK opened at $2.61 on Tuesday. NetSol Technologies has a 1 year low of $1.72 and a 1 year high of $3.05. The stock has a 50 day simple moving average of $2.82 and a 200-day simple moving average of $2.33. The stock has a market cap of $29.73 million, a PE ratio of -14.50 and a beta of 1.12.

NetSol Technologies (NASDAQ:NTWK) last issued its earnings results on Tuesday, February 13th. The software maker reported $0.04 earnings per share (EPS) for the quarter. NetSol Technologies had a negative return on equity of 5.47% and a negative net margin of 3.68%. The business had revenue of $15.24 million during the quarter.

Insider Activity at NetSol Technologies

In related news, CFO Roger Kent Almond sold 9,264 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $2.88, for a total transaction of $26,680.32. Following the completion of the sale, the chief financial officer now directly owns 20,736 shares of the company’s stock, valued at approximately $59,719.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 11.71% of the company’s stock.

Institutional Investors Weigh In On NetSol Technologies

A hedge fund recently raised its stake in NetSol Technologies stock. Vanguard Group Inc. boosted its holdings in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 9.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 649,497 shares of the software maker’s stock after purchasing an additional 57,003 shares during the period. Vanguard Group Inc. owned 5.71% of NetSol Technologies worth $1,176,000 as of its most recent SEC filing. 16.02% of the stock is owned by institutional investors and hedge funds.

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.