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

Equities research analysts at StockNews.com initiated coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a research report issued to clients and investors on Monday. The firm set a “buy” rating on the software maker’s stock.

NetSol Technologies Price Performance

Shares of NTWK stock opened at $2.69 on Monday. The company has a quick ratio of 1.99, a current ratio of 2.08 and a debt-to-equity ratio of 0.01. NetSol Technologies has a twelve month low of $1.93 and a twelve month high of $3.34. The company has a market cap of $30.88 million, a P/E ratio of 38.43 and a beta of 1.07. The business has a fifty day simple moving average of $2.96 and a 200 day simple moving average of $2.77.

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 for the quarter.

Hedge Funds Weigh In On NetSol Technologies

An institutional investor recently raised its position in NetSol Technologies stock. Perritt Capital Management Inc. boosted its position in NetSol Technologies, Inc. (NASDAQ:NTWK) by 62.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,639 shares of the software maker’s stock after purchasing an additional 7,900 shares during the period. Perritt Capital Management Inc. owned 0.18% of NetSol Technologies worth $57,000 at the end of the most recent quarter. 16.02% of the stock is owned by institutional investors and hedge funds.

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.