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

Research analysts at StockNews.com began coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a research report issued on Friday. The firm set a “buy” rating on the software maker’s stock.

NetSol Technologies Price Performance

NTWK opened at $2.66 on Friday. The firm’s 50 day simple moving average is $2.87 and its two-hundred day simple moving average is $2.79. The company has a market capitalization of $30.52 million, a PE ratio of 38.00 and a beta of 1.07. NetSol Technologies has a 1-year low of $1.99 and a 1-year high of $3.34. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.01.

NetSol Technologies (NASDAQ:NTWK) last issued its quarterly earnings results on Monday, September 30th. The software maker reported ($0.01) EPS for the quarter. The company had revenue of $16.45 million during the quarter. NetSol Technologies had a return on equity of 1.84% and a net margin of 1.17%.

Hedge Funds Weigh In On NetSol Technologies

A hedge fund recently raised its stake in NetSol Technologies stock. Geode Capital Management LLC boosted its position in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 7.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 83,386 shares of the software maker’s stock after buying an additional 5,882 shares during the period. Geode Capital Management LLC owned approximately 0.73% of NetSol Technologies worth $238,000 as of its most recent SEC filing. Institutional investors and hedge funds own 16.02% of the company’s stock.

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.