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

StockNews.com started coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a research note issued to investors on Saturday morning. The firm issued a buy rating on the software maker’s stock.

NetSol Technologies Trading Up 6.1 %

Shares of NetSol Technologies stock opened at $2.77 on Friday. The firm has a market cap of $31.79 million, a price-to-earnings ratio of 39.57 and a beta of 1.07. NetSol Technologies has a 52-week low of $1.99 and a 52-week high of $3.34. The company’s 50-day simple moving average is $2.81 and its 200-day simple moving average is $2.79. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.01.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in NetSol Technologies stock. Geode Capital Management LLC lifted its stake in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 7.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 83,386 shares of the software maker’s stock after purchasing an additional 5,882 shares during the quarter. Geode Capital Management LLC owned about 0.73% of NetSol Technologies worth $238,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 16.02% of the company’s stock.

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.