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

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

NetSol Technologies Stock Down 0.4 %

Shares of NASDAQ NTWK opened at $2.67 on Tuesday. NetSol Technologies has a 52-week low of $1.94 and a 52-week high of $3.34. The firm has a market capitalization of $30.65 million, a price-to-earnings ratio of 38.14 and a beta of 1.07. The stock has a 50 day moving average price of $2.94 and a 200 day moving average price of $2.77. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.08 and a current ratio of 2.08.

NetSol Technologies (NASDAQ:NTWK) last issued its earnings results on Monday, September 30th. The software maker reported ($0.01) earnings per share for the quarter. NetSol Technologies had a net margin of 1.17% and a return on equity of 1.84%. The firm had revenue of $16.45 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in NetSol Technologies stock. Geode Capital Management LLC increased its holdings in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 7.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 83,386 shares of the software maker’s stock after purchasing an additional 5,882 shares during the period. Geode Capital Management LLC owned 0.73% of NetSol Technologies worth $238,000 as of its most recent SEC filing. 16.02% of the stock is owned by hedge funds and other 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.