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

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

NetSol Technologies Stock Up 6.1 %

Shares of NASDAQ NTWK opened at $2.77 on Friday. The business has a 50-day moving average price of $2.81 and a 200 day moving average price of $2.79. The stock has a market cap of $31.79 million, a PE ratio of 39.57 and a beta of 1.07. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.01. NetSol Technologies has a 52-week low of $1.99 and a 52-week high of $3.34.

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

Institutional Investors Weigh In On NetSol Technologies

A hedge fund recently raised its stake in NetSol Technologies stock. Geode Capital Management LLC raised its stake in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 7.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 83,386 shares of the software maker’s stock after acquiring an additional 5,882 shares during the period. Geode Capital Management LLC owned approximately 0.73% of NetSol Technologies worth $238,000 as of its most recent SEC filing. 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.