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 report released on Monday. The firm set a “buy” rating on the software maker’s stock.

NetSol Technologies Trading Down 1.7 %

NASDAQ NTWK opened at $2.81 on Monday. NetSol Technologies has a 12 month low of $1.75 and a 12 month high of $3.10. The firm has a market capitalization of $32.05 million, a PE ratio of -7.39 and a beta of 1.07. The business’s 50-day moving average price is $2.74 and its two-hundred day moving average price is $2.71.

Institutional Inflows and Outflows

An institutional investor recently raised its position in NetSol Technologies stock. Perritt Capital Management Inc. lifted its position in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 62.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & 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 about 0.18% of NetSol Technologies worth $57,000 at the end of the most recent reporting period. 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.