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

StockNews.com assumed coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a research note issued to investors on Tuesday. The firm issued a buy rating on the software maker’s stock.

NetSol Technologies Price Performance

NTWK opened at $2.40 on Tuesday. NetSol Technologies has a 12 month low of $2.28 and a 12 month high of $3.34. The stock has a market capitalization of $28.01 million, a price-to-earnings ratio of -34.28 and a beta of 1.01. The business has a fifty day moving average price of $2.54 and a 200 day moving average price of $2.73.

NetSol Technologies (NASDAQ:NTWK) last released its earnings results on Thursday, February 13th. The software maker reported ($0.10) EPS for the quarter. NetSol Technologies had a negative return on equity of 2.11% and a negative net margin of 1.34%. The company had revenue of $15.54 million for the quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NTWK. Geode Capital Management LLC boosted its position in shares of NetSol Technologies by 7.6% during the 3rd quarter. Geode Capital Management LLC now owns 83,386 shares of the software maker’s stock worth $238,000 after acquiring an additional 5,882 shares in the last quarter. Perritt Capital Management Inc boosted its position in shares of NetSol Technologies by 142.3% during the 4th quarter. Perritt Capital Management Inc now owns 50,000 shares of the software maker’s stock worth $131,000 after acquiring an additional 29,361 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of NetSol Technologies by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 109,247 shares of the software maker’s stock worth $286,000 after acquiring an additional 4,199 shares in the last quarter. Topline Capital Management LLC purchased a new stake in shares of NetSol Technologies in the 4th quarter valued at about $1,351,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of NetSol Technologies in the 4th quarter valued at about $28,000. 16.02% of the stock is owned by institutional investors and hedge funds.

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.