NetSol Technologies (NASDAQ:NTWK) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com started coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a report released on Thursday. The firm set a “buy” rating on the software maker’s stock.

NetSol Technologies Stock Performance

Shares of NTWK stock opened at $2.48 on Thursday. The stock has a 50 day moving average price of $2.50 and a 200 day moving average price of $2.71. NetSol Technologies has a 52-week low of $2.28 and a 52-week high of $3.34. The firm has a market capitalization of $28.94 million, a P/E ratio of -35.42 and a beta of 1.01.

NetSol Technologies (NASDAQ:NTWK) last posted its quarterly earnings results on Thursday, February 13th. The software maker reported ($0.10) EPS for the quarter. The company had revenue of $15.54 million during the quarter. NetSol Technologies had a negative return on equity of 2.11% and a negative net margin of 1.34%.

Institutional Trading of NetSol Technologies

Several institutional investors and hedge funds have recently made changes to their positions in NTWK. Topline Capital Management LLC bought a new stake in shares of NetSol Technologies in the 4th quarter valued at about $1,351,000. Perritt Capital Management Inc lifted its holdings in 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 during the period. Wolverine Trading LLC boosted its position in 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 acquiring an additional 28,083 shares in the last quarter. Squarepoint Ops LLC purchased a new position in shares of NetSol Technologies in the 4th quarter valued at $28,000. Finally, Geode Capital Management LLC raised its position in shares of NetSol Technologies by 7.6% in the 3rd quarter. Geode Capital Management LLC now owns 83,386 shares of the software maker’s stock worth $238,000 after acquiring an additional 5,882 shares in the last quarter. 16.02% of the stock is currently owned by 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.