Analysts at StockNews.com initiated coverage on shares of NetSol Technologies (NASDAQ:NTWK – Get Free Report) in a report issued on Tuesday. The brokerage set a “buy” rating on the software maker’s stock.
NetSol Technologies Trading Down 1.1 %
Shares of NTWK stock opened at $2.63 on Tuesday. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $30.19 million, a P/E ratio of 37.57 and a beta of 1.06. NetSol Technologies has a 12-month low of $1.99 and a 12-month high of $3.34. The firm has a 50-day moving average price of $2.69 and a 200 day moving average price of $2.79.
Institutional Investors Weigh In On NetSol Technologies
An institutional investor recently raised its position in NetSol Technologies stock. Geode Capital Management LLC lifted its holdings in shares of NetSol Technologies, Inc. (NASDAQ:NTWK – Free Report) by 7.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 83,386 shares of the software maker’s stock after purchasing 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 reporting period. 16.02% of the stock is owned by hedge funds and other institutional investors.
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.
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