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

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

NetSol Technologies Trading Down 4.1 %

NASDAQ:NTWK opened at $2.35 on Wednesday. NetSol Technologies has a 12 month low of $2.28 and a 12 month high of $3.34. The stock has a market capitalization of $27.42 million, a price-to-earnings ratio of -33.57 and a beta of 1.01. The firm has a fifty day simple moving average of $2.53 and a two-hundred day simple moving average of $2.72.

NetSol Technologies (NASDAQ:NTWK) last released 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 negative return on equity of 2.11% and a negative net margin of 1.34%. The company had revenue of $15.54 million for the quarter.

Hedge Funds Weigh In On NetSol Technologies

Large investors have recently modified their holdings of the company. Wolverine Trading LLC raised its holdings in NetSol Technologies by 184.8% during the fourth quarter. Wolverine Trading LLC now owns 12,883 shares of the software maker’s stock worth $36,000 after buying an additional 28,083 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of NetSol Technologies during the fourth quarter worth about $28,000. Topline Capital Management LLC acquired a new stake in shares of NetSol Technologies in the 4th quarter worth about $1,351,000. Dimensional Fund Advisors LP lifted its position in NetSol Technologies by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 109,247 shares of the software maker’s stock valued at $286,000 after acquiring an additional 4,199 shares in the last quarter. Finally, Perritt Capital Management Inc lifted its position in NetSol Technologies by 142.3% in the 4th quarter. Perritt Capital Management Inc now owns 50,000 shares of the software maker’s stock valued at $131,000 after acquiring an additional 29,361 shares in the last 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.