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

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

NetSol Technologies Price Performance

Shares of NTWK opened at $2.65 on Monday. NetSol Technologies has a fifty-two week low of $1.99 and a fifty-two week high of $3.34. The firm’s 50-day simple moving average is $2.72 and its two-hundred day simple moving average is $2.79. The stock has a market cap of $30.41 million, a PE ratio of 37.86 and a beta of 1.06. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.08 and a current ratio of 2.08.

Institutional Inflows and Outflows

An institutional investor recently raised its position in NetSol Technologies stock. Geode Capital Management LLC lifted its stake in NetSol Technologies, Inc. (NASDAQ:NTWK) by 7.6% in the 3rd quarter, according to the company in 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 0.73% of NetSol Technologies worth $238,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 16.02% of the stock is owned by institutional investors.

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.