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

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

NetSol Technologies Price Performance

Shares of NetSol Technologies stock opened at $2.76 on Thursday. 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 has a twelve month low of $1.99 and a twelve month high of $3.34. The company has a 50-day simple moving average of $2.91 and a two-hundred day simple moving average of $2.78. The stock has a market capitalization of $31.68 million, a price-to-earnings ratio of 39.57 and a beta of 1.07.

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

Institutional Trading of NetSol Technologies

An institutional investor recently raised its position in NetSol Technologies stock. Geode Capital Management LLC raised its holdings in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 7.6% during the third 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 acquiring an additional 5,882 shares during the period. Geode Capital Management LLC owned about 0.73% of NetSol Technologies worth $238,000 at the end of the most recent reporting period. 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.