NetSol Technologies (NASDAQ:NTWK) Receives New Coverage from Analysts at StockNews.com

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

NetSol Technologies Stock Performance

Shares of NASDAQ NTWK opened at $2.97 on Tuesday. The stock has a market capitalization of $33.87 million, a P/E ratio of -7.82 and a beta of 1.07. The stock’s fifty day moving average is $2.74 and its 200 day moving average is $2.70. NetSol Technologies has a 52 week low of $1.75 and a 52 week high of $3.10.

NetSol Technologies (NASDAQ:NTWK) last released its earnings results on Monday, September 30th. The software maker reported ($0.01) EPS for the quarter. NetSol Technologies had a negative net margin of 7.33% and a negative return on equity of 11.38%. The firm had revenue of $16.45 million during the quarter.

Institutional Investors Weigh In On NetSol Technologies

A hedge fund recently raised its stake in NetSol Technologies stock. Perritt Capital Management Inc. grew its holdings in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 62.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,639 shares of the software maker’s stock after acquiring an additional 7,900 shares during the quarter. Perritt Capital Management Inc. owned 0.18% of NetSol Technologies worth $57,000 at the end of the most recent quarter. 16.02% of the stock is currently owned by institutional investors and hedge funds.

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.