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 note issued on Sunday. The firm set a “buy” rating on the software maker’s stock.

NetSol Technologies Stock Down 1.2 %

NetSol Technologies stock opened at $2.51 on Friday. NetSol Technologies has a 52 week low of $2.28 and a 52 week high of $3.34. The business has a 50-day simple moving average of $2.61 and a 200 day simple moving average of $2.75. The stock has a market cap of $29.29 million, a price-to-earnings ratio of -35.85 and a beta of 1.07.

NetSol Technologies (NASDAQ:NTWK) last released its earnings results on Thursday, February 13th. The software maker reported ($0.10) earnings per share 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.

Hedge Funds Weigh In On NetSol Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NTWK. Topline Capital Management LLC bought a new position in NetSol Technologies in the 4th quarter valued at approximately $1,351,000. Perritt Capital Management Inc lifted its holdings in shares of NetSol Technologies by 142.3% during the 4th quarter. Perritt Capital Management Inc now owns 50,000 shares of the software maker’s stock valued at $131,000 after buying an additional 29,361 shares during the period. Wolverine Trading LLC lifted its holdings in shares of NetSol Technologies by 184.8% during the 4th quarter. Wolverine Trading LLC now owns 12,883 shares of the software maker’s stock valued at $36,000 after buying an additional 28,083 shares during the period. Squarepoint Ops LLC bought a new position in shares of NetSol Technologies during the 4th quarter valued at $28,000. Finally, Geode Capital Management LLC lifted its holdings in shares of NetSol Technologies by 7.6% during the 3rd quarter. Geode Capital Management LLC now owns 83,386 shares of the software maker’s stock valued at $238,000 after buying an additional 5,882 shares during the period. 16.02% of the stock is owned by 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.