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

Investment analysts at StockNews.com initiated coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a report released on Wednesday. The firm set a “buy” rating on the software maker’s stock.

NetSol Technologies Stock Performance

NASDAQ:NTWK opened at $2.60 on Wednesday. NetSol Technologies has a fifty-two week low of $2.06 and a fifty-two week high of $3.34. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.08 and a current ratio of 2.08. The company has a 50 day moving average price of $2.67 and a 200 day moving average price of $2.79. The stock has a market capitalization of $29.85 million, a P/E ratio of 37.14 and a beta of 1.06.

Hedge Funds Weigh In On NetSol Technologies

An institutional investor recently raised its position in NetSol Technologies stock. Geode Capital Management LLC grew its holdings in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 7.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,386 shares of the software maker’s stock after purchasing an additional 5,882 shares during the period. Geode Capital Management LLC owned about 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.