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

Analysts at StockNews.com assumed coverage on shares of NetSol Technologies (NASDAQ:NTWKGet Free Report) in a report issued on Tuesday. The firm set a “buy” rating on the software maker’s stock.

NetSol Technologies Trading Up 0.4 %

NTWK stock opened at $2.33 on Tuesday. The business’s fifty day moving average price is $2.56 and its 200 day moving average price is $2.73. NetSol Technologies has a 12-month low of $2.28 and a 12-month high of $3.34. The company has a market capitalization of $27.19 million, a PE ratio of -33.28 and a beta of 1.01.

NetSol Technologies (NASDAQ:NTWKGet Free Report) last issued its quarterly earnings results on Thursday, February 13th. The software maker reported ($0.10) earnings per share (EPS) for the quarter. The business had revenue of $15.54 million for the quarter. NetSol Technologies had a negative return on equity of 2.11% and a negative net margin of 1.34%.

Hedge Funds Weigh In On NetSol Technologies

Institutional investors have recently modified their holdings of the business. Squarepoint Ops LLC acquired a new position in NetSol Technologies during the 4th quarter worth $28,000. Wolverine Trading LLC grew its position in shares of 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 in the last quarter. Perritt Capital Management Inc grew its position in shares of NetSol Technologies by 142.3% during the fourth quarter. Perritt Capital Management Inc now owns 50,000 shares of the software maker’s stock worth $131,000 after buying an additional 29,361 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of NetSol Technologies by 7.6% during the third quarter. Geode Capital Management LLC now owns 83,386 shares of the software maker’s stock worth $238,000 after buying an additional 5,882 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in NetSol Technologies by 4.0% in the fourth 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. Institutional investors and hedge funds own 16.02% of the company’s stock.

NetSol Technologies Company Profile

(Get Free Report)

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.

Further Reading

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