NetSol Technologies (NASDAQ:NTWK) Earns Buy Rating from Analysts at StockNews.com

Investment analysts at StockNews.com began coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a research note issued on Wednesday. The brokerage set a “buy” rating on the software maker’s stock.

NetSol Technologies Stock Performance

Shares of NTWK opened at $2.71 on Wednesday. The company has a market capitalization of $31.11 million, a PE ratio of 38.71 and a beta of 1.07. 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’s 50 day moving average price is $2.93 and its 200 day moving average price is $2.78. NetSol Technologies has a 52 week low of $1.94 and a 52 week high of $3.34.

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

Institutional Investors Weigh In On NetSol Technologies

An institutional investor recently raised its position in NetSol Technologies stock. Geode Capital Management LLC boosted its holdings in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 7.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 83,386 shares of the software maker’s stock after acquiring an additional 5,882 shares during the quarter. Geode Capital Management LLC owned approximately 0.73% of NetSol Technologies worth $238,000 at the end of the most recent reporting period. Institutional investors and hedge funds 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.