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

StockNews.com assumed coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a report published on Wednesday. The firm issued a buy rating on the software maker’s stock.

NetSol Technologies Stock Performance

Shares of NTWK stock opened at $2.67 on Wednesday. The company has a market capitalization of $30.45 million, a price-to-earnings ratio of -7.03 and a beta of 1.10. The stock’s 50 day simple moving average is $2.71 and its 200 day simple moving average is $2.69. NetSol Technologies has a twelve month low of $1.72 and a twelve month high of $3.10.

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

Hedge Funds Weigh In On NetSol Technologies

A hedge fund recently raised its stake in NetSol Technologies stock. Perritt Capital Management Inc. boosted its holdings in NetSol Technologies, Inc. (NASDAQ:NTWK) by 62.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,639 shares of the software maker’s stock after buying an additional 7,900 shares during the period. Perritt Capital Management Inc. owned approximately 0.18% of NetSol Technologies worth $57,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 16.02% of the company’s stock.

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.