NetSol Technologies (NASDAQ:NTWK) Earns Buy Rating from Analysts at StockNews.com

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

NetSol Technologies Trading Down 0.8 %

NTWK stock opened at $2.54 on Thursday. The company has a market capitalization of $28.96 million, a PE ratio of -6.68 and a beta of 1.07. NetSol Technologies has a 12-month low of $1.72 and a 12-month high of $3.05. The business’s fifty day moving average price is $2.60 and its 200 day moving average price is $2.56.

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

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 shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 62.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,639 shares of the software maker’s stock after purchasing an additional 7,900 shares during the quarter. Perritt Capital Management Inc. owned approximately 0.18% of NetSol Technologies worth $57,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.