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

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

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

NetSol Technologies Trading Down 4.3 %

Shares of NTWK opened at $2.66 on Wednesday. NetSol Technologies has a 12 month low of $1.72 and a 12 month high of $3.05. The firm’s 50 day moving average is $2.82 and its 200-day moving average is $2.37. The stock has a market capitalization of $30.34 million, a PE ratio of -14.78 and a beta of 1.12.

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

Insider Buying and Selling at NetSol Technologies

In other NetSol Technologies news, CFO Roger Kent Almond sold 9,264 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $2.88, for a total transaction of $26,680.32. Following the completion of the transaction, the chief financial officer now directly owns 20,736 shares in the company, valued at $59,719.68. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 11.71% 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.