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 Wednesday morning. The firm issued a buy rating on the software maker’s stock.

NetSol Technologies Stock Performance

NTWK stock opened at $2.37 on Wednesday. The stock’s 50 day moving average price is $2.52 and its 200 day moving average price is $2.71. The firm has a market cap of $27.66 million, a P/E ratio of -33.85 and a beta of 1.01. NetSol Technologies has a 1 year low of $2.28 and a 1 year high of $3.34.

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

Hedge Funds Weigh In On NetSol Technologies

A number of institutional investors have recently modified their holdings of NTWK. Geode Capital Management LLC grew its stake in NetSol Technologies by 7.6% in 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 during the period. Perritt Capital Management Inc boosted its holdings in shares of NetSol Technologies by 142.3% during the fourth quarter. Perritt Capital Management Inc now owns 50,000 shares of the software maker’s stock worth $131,000 after purchasing an additional 29,361 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of NetSol Technologies by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 109,247 shares of the software maker’s stock valued at $286,000 after purchasing an additional 4,199 shares during the period. Topline Capital Management LLC acquired a new position in NetSol Technologies in the fourth quarter valued at $1,351,000. Finally, Squarepoint Ops LLC purchased a new position in NetSol Technologies during the fourth quarter worth about $28,000. 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.