NetSol Technologies (NASDAQ:NTWK) Now Covered by Analysts at StockNews.com

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

NetSol Technologies Stock Down 0.4 %

NTWK stock opened at $2.61 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.08 and a quick ratio of 2.08. The stock has a market capitalization of $29.95 million, a P/E ratio of 37.29 and a beta of 1.07. 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 $2.82 and a 200-day moving average of $2.79.

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

Institutional Trading of NetSol Technologies

A hedge fund recently raised its stake in NetSol Technologies stock. Geode Capital Management LLC raised its holdings in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 7.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,386 shares of the software maker’s stock after purchasing 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 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.