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

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

NetSol Technologies Stock Down 0.7 %

NTWK opened at $2.66 on Friday. The company has a market capitalization of $30.52 million, a PE ratio of 38.00 and a beta of 1.07. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.08 and a quick ratio of 2.08. NetSol Technologies has a fifty-two week low of $1.99 and a fifty-two week high of $3.34. The business has a 50-day moving average of $2.88 and a 200-day moving average of $2.78.

NetSol Technologies (NASDAQ:NTWK) last released its quarterly earnings data on Monday, September 30th. The software maker reported ($0.01) EPS for the quarter. The firm had revenue of $16.45 million during 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% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,386 shares of the software maker’s stock after buying an additional 5,882 shares during the period. Geode Capital Management LLC owned 0.73% of NetSol Technologies worth $238,000 at the end of the most recent quarter. Institutional investors own 16.02% of the company’s stock.

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.