NetSol Technologies (NASDAQ:NTWK) Research Coverage Started at StockNews.com

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

NetSol Technologies Stock Down 1.7 %

NASDAQ NTWK opened at $2.90 on Friday. The company has a market cap of $33.06 million, a price-to-earnings ratio of -7.63 and a beta of 1.10. NetSol Technologies has a twelve month low of $1.72 and a twelve month high of $3.10. The business’s fifty day moving average is $2.66 and its 200 day moving average is $2.63.

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

Institutional Trading of NetSol Technologies

A hedge fund recently raised its stake 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 its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,639 shares of the software maker’s stock after buying 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 own 16.02% of the company’s stock.

About NetSol Technologies

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.