NetSol Technologies (NASDAQ:NTWK) Earns Buy Rating from Analysts at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a report issued on Wednesday. The brokerage set a “buy” rating on the software maker’s stock.

NetSol Technologies Price Performance

NASDAQ NTWK opened at $2.63 on Wednesday. The stock has a market cap of $30.19 million, a price-to-earnings ratio of 37.57 and a beta of 1.06. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.01. NetSol Technologies has a 52 week low of $1.99 and a 52 week high of $3.34. The company has a 50-day moving average price of $2.67 and a two-hundred day moving average price of $2.79.

Institutional Trading of NetSol Technologies

An institutional investor recently raised its position in NetSol Technologies stock. Geode Capital Management LLC increased its position 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 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 quarter. 16.02% of the stock is currently 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.