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

Stock analysts at StockNews.com started coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a research note issued on Friday. The brokerage set a “buy” rating on the software maker’s stock.

NetSol Technologies Price Performance

Shares of NetSol Technologies stock opened at $2.50 on Friday. The stock has a market cap of $28.69 million, a price-to-earnings ratio of 35.71 and a beta of 1.07. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.08 and a current ratio of 2.08. The stock has a 50 day moving average price of $2.67 and a 200-day moving average price of $2.77. NetSol Technologies has a one year low of $2.28 and a one year high of $3.34.

NetSol Technologies (NASDAQ:NTWK) last posted its quarterly earnings data on Thursday, February 13th. The software maker reported ($0.10) earnings per share (EPS) for the quarter. NetSol Technologies had a net margin of 1.17% and a return on equity of 1.84%.

Hedge Funds Weigh In On NetSol Technologies

A hedge fund recently raised its stake in NetSol Technologies stock. Perritt Capital Management Inc raised its position in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 142.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,000 shares of the software maker’s stock after purchasing an additional 29,361 shares during the period. Perritt Capital Management Inc owned about 0.44% of NetSol Technologies worth $131,000 as of its most recent filing with the Securities & Exchange Commission. 16.02% of the stock is owned by institutional investors and hedge funds.

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.