NetSol Technologies (NASDAQ:NTWK) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a research note issued on Thursday. The firm set a “buy” rating on the software maker’s stock.

NetSol Technologies Stock Performance

NASDAQ:NTWK opened at $2.70 on Thursday. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $31.00 million, a PE ratio of 38.57 and a beta of 1.07. The firm’s 50 day moving average is $2.67 and its 200 day moving average is $2.78. NetSol Technologies has a 12 month low of $2.09 and a 12 month high of $3.34.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in NetSol Technologies stock. Geode Capital Management LLC boosted its holdings in NetSol Technologies, Inc. (NASDAQ:NTWK) by 7.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 filing with the Securities and Exchange Commission. 16.02% of the stock is owned by 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.