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

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

NetSol Technologies Price Performance

Shares of NetSol Technologies stock opened at $2.65 on Thursday. The firm has a market cap of $30.42 million, a PE ratio of 37.86 and a beta of 1.07. NetSol Technologies has a twelve month low of $2.09 and a twelve month high of $3.34. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average price of $2.67 and a 200 day moving average price of $2.78.

Institutional Inflows and Outflows

An institutional investor recently raised its position in NetSol Technologies stock. Geode Capital Management LLC raised its stake in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 7.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,386 shares of the software maker’s stock after purchasing an additional 5,882 shares during the period. Geode Capital Management LLC owned 0.73% of NetSol Technologies worth $238,000 at the end of the most recent quarter. 16.02% of the stock is currently owned by hedge funds and other institutional investors.

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.