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

Equities researchers at StockNews.com initiated coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a research report issued to clients and investors on Tuesday. The brokerage set a “buy” rating on the software maker’s stock.

NetSol Technologies Trading Up 0.4 %

Shares of NTWK stock opened at $2.39 on Tuesday. NetSol Technologies has a 1 year low of $2.28 and a 1 year high of $3.34. The firm’s 50 day moving average is $2.55 and its 200-day moving average is $2.73. The firm has a market capitalization of $27.89 million, a price-to-earnings ratio of -34.14 and a beta of 1.01.

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

Hedge Funds Weigh In On NetSol Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. Squarepoint Ops LLC bought a new position in NetSol Technologies in the fourth quarter valued at approximately $28,000. Wolverine Trading LLC boosted its stake in NetSol Technologies by 184.8% in the fourth 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 during the last quarter. Perritt Capital Management Inc boosted its stake in NetSol Technologies by 142.3% in the fourth quarter. Perritt Capital Management Inc now owns 50,000 shares of the software maker’s stock valued at $131,000 after acquiring an additional 29,361 shares during the last quarter. Geode Capital Management LLC boosted its stake in NetSol Technologies by 7.6% in the third quarter. Geode Capital Management LLC now owns 83,386 shares of the software maker’s stock valued at $238,000 after acquiring an additional 5,882 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake 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 during the last quarter. 16.02% of the stock is 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.