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

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

NetSol Technologies Trading Up 3.5 %

Shares of NTWK stock opened at $2.69 on Wednesday. The company has a market capitalization of $30.87 million, a price-to-earnings ratio of 38.43 and a beta of 1.06. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of $2.67 and a 200 day moving average price of $2.79. NetSol Technologies has a twelve month low of $2.06 and a twelve month high of $3.34.

Institutional Trading of NetSol Technologies

An institutional investor recently raised its position in NetSol Technologies stock. Geode Capital Management LLC grew its holdings in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 7.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 83,386 shares of the software maker’s stock after purchasing an additional 5,882 shares during the quarter. Geode Capital Management LLC owned approximately 0.73% of NetSol Technologies worth $238,000 at the end of the most recent quarter. 16.02% of the stock is owned by hedge funds and other institutional investors.

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.