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

by · The Cerbat Gem

Research analysts at StockNews.com started coverage on shares of NetSol Technologies (NASDAQ:NTWK – Get Free Report) in a report released on Friday. The brokerage set a “buy” rating on the software maker’s stock.

NetSol Technologies Price Performance

NASDAQ:NTWK opened at $2.66 on Friday. The company has a market cap of $30.52 million, a price-to-earnings ratio of 38.00 and a beta of 1.07. NetSol Technologies has a twelve month low of $1.99 and a twelve month high of $3.34. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.01. The stock has a fifty day simple moving average of $2.87 and a 200-day simple moving average of $2.79.

NetSol Technologies (NASDAQ:NTWK – Get Free Report) last issued its earnings results on Monday, September 30th. The software maker reported ($0.01) EPS for the quarter. NetSol Technologies had a return on equity of 1.84% and a net margin of 1.17%. The company had revenue of $16.45 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in NetSol Technologies stock. Geode Capital Management LLC raised its stake in NetSol Technologies, Inc. (NASDAQ:NTWK – Free Report) by 7.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 83,386 shares of the software maker’s stock after purchasing an additional 5,882 shares during the period. Geode Capital Management LLC owned 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 owned by hedge funds and other institutional investors.

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.

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