NetSol Technologies (NASDAQ:NTWK) Now Covered by StockNews.com

Equities research 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 brokerage set a “buy” rating on the software maker’s stock.

NetSol Technologies Price Performance

NTWK opened at $2.46 on Monday. The stock has a market capitalization of $28.71 million, a PE ratio of -35.14 and a beta of 1.01. The firm’s fifty day moving average price is $2.60 and its 200 day moving average price is $2.75. NetSol Technologies has a 12-month low of $2.28 and a 12-month high of $3.34.

NetSol Technologies (NASDAQ:NTWK) last posted its quarterly earnings results on Thursday, February 13th. The software maker reported ($0.10) earnings per share (EPS) for the quarter. NetSol Technologies had a negative net margin of 1.34% and a negative return on equity of 2.11%. The company had revenue of $15.54 million during the quarter.

Institutional Trading of NetSol Technologies

Several institutional investors have recently added to or reduced their stakes in NTWK. Topline Capital Management LLC bought a new stake in NetSol Technologies during the fourth quarter valued at $1,351,000. Perritt Capital Management Inc increased its stake in NetSol Technologies by 142.3% during the fourth quarter. Perritt Capital Management Inc now owns 50,000 shares of the software maker’s stock valued at $131,000 after purchasing an additional 29,361 shares during the last quarter. Wolverine Trading LLC increased its stake in NetSol Technologies by 184.8% during the fourth quarter. Wolverine Trading LLC now owns 12,883 shares of the software maker’s stock valued at $36,000 after purchasing an additional 28,083 shares during the last quarter. Squarepoint Ops LLC bought a new stake in NetSol Technologies during the fourth quarter valued at $28,000. Finally, Geode Capital Management LLC increased its stake in NetSol Technologies by 7.6% during the third quarter. Geode Capital Management LLC now owns 83,386 shares of the software maker’s stock valued at $238,000 after purchasing an additional 5,882 shares during the last quarter. 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.