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

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 Stock Down 0.8 %

NetSol Technologies stock opened at $2.58 on Monday. The stock’s fifty day moving average is $2.96 and its two-hundred day moving average is $2.77. The stock has a market cap of $29.62 million, a PE ratio of 36.86 and a beta of 1.07. NetSol Technologies has a 1-year low of $1.94 and a 1-year high of $3.34. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.08 and a quick ratio of 2.08.

NetSol Technologies (NASDAQ:NTWK) last posted its 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 for the quarter. NetSol Technologies had a return on equity of 1.84% and a net margin of 1.17%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in NetSol Technologies stock. Perritt Capital Management Inc. raised its stake in NetSol Technologies, Inc. (NASDAQ:NTWK) by 62.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,639 shares of the software maker’s stock after acquiring an additional 7,900 shares during the period. Perritt Capital Management Inc. owned 0.18% of NetSol Technologies worth $57,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 16.02% of the stock is currently owned by hedge funds and other institutional investors.

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.