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

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

NetSol Technologies Stock Down 0.4 %

NTWK opened at $2.36 on Monday. NetSol Technologies has a 52 week low of $2.28 and a 52 week high of $3.34. The business has a fifty day simple moving average of $2.58 and a 200-day simple moving average of $2.74. The firm has a market cap of $27.54 million, a P/E ratio of -33.71 and a beta of 1.01.

NetSol Technologies (NASDAQ:NTWK) last announced its earnings results on Thursday, February 13th. The software maker reported ($0.10) EPS for the quarter. The firm had revenue of $15.54 million for the quarter. NetSol Technologies had a negative net margin of 1.34% and a negative return on equity of 2.11%.

Institutional Investors Weigh In On NetSol Technologies

Several large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its stake in shares of NetSol Technologies by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 109,247 shares of the software maker’s stock worth $286,000 after acquiring an additional 4,199 shares in the last quarter. Geode Capital Management LLC boosted its holdings in NetSol Technologies by 7.6% in the third quarter. Geode Capital Management LLC now owns 83,386 shares of the software maker’s stock valued at $238,000 after purchasing an additional 5,882 shares during the period. Squarepoint Ops LLC acquired a new position in NetSol Technologies during the 4th quarter worth $28,000. Wolverine Trading LLC increased its holdings in NetSol Technologies by 184.8% during the 4th quarter. Wolverine Trading LLC now owns 12,883 shares of the software maker’s stock worth $36,000 after purchasing an additional 28,083 shares during the period. Finally, Perritt Capital Management Inc raised its position in NetSol Technologies by 142.3% in the 4th quarter. Perritt Capital Management Inc now owns 50,000 shares of the software maker’s stock valued at $131,000 after purchasing an additional 29,361 shares in the last quarter. 16.02% of the stock is owned by hedge funds and other institutional investors.

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.