NetSol Technologies (NASDAQ:NTWK) Research Coverage Started at StockNews.com

Posted by Tyrone Williams on Aug 10th, 2024

StockNews.com began coverage on shares of NetSol Technologies (NASDAQ:NTWK – Free Report) in a research note published on Tuesday. The firm issued a buy rating on the software maker’s stock.

NetSol Technologies Trading Down 2.2 %

Shares of NASDAQ NTWK traded down $0.06 during mid-day trading on Tuesday, hitting $2.63. The company had a trading volume of 5,104 shares, compared to its average volume of 25,814. The company has a market capitalization of $30.00 million, a PE ratio of -6.92 and a beta of 1.10. The firm has a 50-day simple moving average of $2.70 and a two-hundred day simple moving average of $2.67. NetSol Technologies has a one year low of $1.72 and a one year high of $3.10.

NetSol Technologies (NASDAQ:NTWK – Get Free Report) last announced its quarterly earnings data on Monday, May 20th. The software maker reported $0.03 earnings per share for the quarter. The company had revenue of $15.47 million during the quarter. NetSol Technologies had a negative return on equity of 11.38% and a negative net margin of 7.33%.

Hedge Funds Weigh In On NetSol Technologies

An institutional investor recently raised its position in NetSol Technologies stock. Perritt Capital Management Inc. increased its holdings in shares of NetSol Technologies, Inc. (NASDAQ:NTWK – Free Report) by 62.0% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 20,639 shares of the software maker’s stock after purchasing an additional 7,900 shares during the period. Perritt Capital Management Inc. owned 0.18% of NetSol Technologies worth $57,000 as of its most recent filing with the SEC. 16.02% of the stock is owned by institutional investors and hedge funds.

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.