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

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

NetSol Technologies Price Performance

Shares of NTWK opened at $3.11 on Thursday. The company has a market capitalization of $35.47 million, a P/E ratio of -8.18 and a beta of 1.07. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.02. The firm has a 50 day moving average of $2.81 and a 200 day moving average of $2.72. NetSol Technologies has a twelve month low of $1.75 and a twelve month high of $3.34.

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

Institutional Investors Weigh In On NetSol Technologies

An institutional investor recently raised its position in NetSol Technologies stock. Perritt Capital Management Inc. boosted its stake in NetSol Technologies, Inc. (NASDAQ:NTWK) by 62.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 approximately 0.18% of NetSol Technologies worth $57,000 at the end of the most recent quarter. 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.