StockNews.com Initiates Coverage on NetSol Technologies (NASDAQ:NTWK)

Equities research analysts at StockNews.com began coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a research report issued on Sunday. The firm set a “buy” rating on the software maker’s stock.

NetSol Technologies Stock Performance

NASDAQ NTWK opened at $3.08 on Friday. The firm has a 50-day moving average price of $2.93 and a two-hundred day moving average price of $2.76. NetSol Technologies has a 12-month low of $1.92 and a 12-month high of $3.34. The company has a market capitalization of $35.20 million, a P/E ratio of 51.34 and a beta of 1.07. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.02.

NetSol Technologies (NASDAQ:NTWK) last released its quarterly earnings results on Monday, September 30th. The software maker reported ($0.01) earnings per share for the quarter. The business had revenue of $16.45 million during the quarter. NetSol Technologies had a net margin of 1.11% and a return on equity of 1.77%.

Institutional Trading of NetSol Technologies

An institutional investor recently raised its position in NetSol Technologies stock. Perritt Capital Management Inc. boosted its position in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 62.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,639 shares of the software maker’s stock after buying an additional 7,900 shares during the period. Perritt Capital Management Inc. owned approximately 0.18% of NetSol Technologies worth $57,000 at the end of the most recent quarter. Institutional investors and hedge funds own 16.02% of the company’s stock.

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.