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

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

NetSol Technologies Stock Down 0.4 %

Shares of NASDAQ NTWK opened at $2.56 on Friday. NetSol Technologies has a 1 year low of $1.99 and a 1 year high of $3.34. 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 firm has a market cap of $29.38 million, a PE ratio of 36.57 and a beta of 1.07. The company has a 50 day simple moving average of $2.77 and a 200 day simple moving average of $2.78.

Institutional Trading of NetSol Technologies

An institutional investor recently raised its position in NetSol Technologies stock. Geode Capital Management LLC raised its stake in NetSol Technologies, Inc. (NASDAQ:NTWK) by 7.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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 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.

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.