NetSol Technologies (NASDAQ:NTWK) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a research report report published on Thursday morning. The brokerage issued a buy rating on the software maker’s stock.

NetSol Technologies Stock Down 5.6 %

NASDAQ NTWK opened at $2.34 on Thursday. NetSol Technologies has a 52 week low of $2.28 and a 52 week high of $3.34. The firm has a market capitalization of $27.31 million, a price-to-earnings ratio of -33.42 and a beta of 1.01. The company has a fifty day moving average of $2.49 and a two-hundred day moving average of $2.71.

NetSol Technologies (NASDAQ:NTWK) last released its quarterly 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 firm had revenue of $15.54 million for the quarter.

Institutional Investors Weigh In On NetSol Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the business. Squarepoint Ops LLC bought a new position in NetSol Technologies in the 4th quarter worth about $28,000. Wolverine Trading LLC increased its position in shares of NetSol Technologies by 184.8% during the fourth quarter. Wolverine Trading LLC now owns 12,883 shares of the software maker’s stock worth $36,000 after purchasing an additional 28,083 shares in the last quarter. Perritt Capital Management Inc raised its stake in NetSol Technologies by 142.3% in the fourth quarter. Perritt Capital Management Inc now owns 50,000 shares of the software maker’s stock valued at $131,000 after buying an additional 29,361 shares during the last quarter. Geode Capital Management LLC raised its position in shares of NetSol Technologies by 7.6% in the 3rd quarter. Geode Capital Management LLC now owns 83,386 shares of the software maker’s stock valued at $238,000 after purchasing an additional 5,882 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of NetSol Technologies by 4.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 109,247 shares of the software maker’s stock worth $286,000 after buying an additional 4,199 shares during the period. 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.