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

StockNews.com initiated 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 Up 2.4 %

NTWK stock opened at $3.20 on Wednesday. NetSol Technologies has a 52 week low of $1.75 and a 52 week high of $3.34. The company has a market capitalization of $36.50 million, a price-to-earnings ratio of -8.55 and a beta of 1.07. The firm’s 50-day moving average is $2.76 and its two-hundred day moving average is $2.71. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.02.

NetSol Technologies (NASDAQ:NTWK) last released its quarterly earnings results on Monday, September 30th. The software maker reported ($0.01) EPS for the quarter. NetSol Technologies had a return on equity of 1.77% and a net margin of 1.11%. The company had revenue of $16.45 million for the quarter.

Hedge Funds Weigh In On NetSol Technologies

An institutional investor recently raised its position in NetSol Technologies stock. Perritt Capital Management Inc. lifted its holdings in NetSol Technologies, Inc. (NASDAQ:NTWK) by 62.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 about 0.18% of NetSol Technologies worth $57,000 at the end of the most recent reporting period. 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.