NetSol Technologies (NASDAQ:NTWK) Now Covered by StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a report released on Tuesday. The brokerage set a “buy” rating on the software maker’s stock.

NetSol Technologies Stock Performance

Shares of NTWK stock opened at $2.68 on Tuesday. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.01. The stock has a fifty day moving average of $2.94 and a 200 day moving average of $2.77. The firm has a market capitalization of $30.77 million, a price-to-earnings ratio of 38.29 and a beta of 1.07. NetSol Technologies has a 52 week low of $1.94 and a 52 week high of $3.34.

NetSol Technologies (NASDAQ:NTWK) last released its earnings results on Monday, September 30th. The software maker reported ($0.01) EPS 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 during the quarter.

Institutional Trading of NetSol Technologies

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

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.