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

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

NetSol Technologies Stock Up 2.1 %

Shares of NTWK opened at $2.41 on Wednesday. The company has a market capitalization of $28.12 million, a price-to-earnings ratio of -34.42 and a beta of 1.01. NetSol Technologies has a 52 week low of $2.28 and a 52 week high of $3.34. The stock’s 50-day moving average price is $2.52 and its 200-day moving average price is $2.72.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Geode Capital Management LLC increased its stake 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 in the last quarter. Perritt Capital Management Inc boosted its position in 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 in the last quarter. Dimensional Fund Advisors LP grew its holdings in 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 purchased a new stake in shares of NetSol Technologies in the fourth quarter valued at approximately $1,351,000. Finally, Squarepoint Ops LLC acquired a new position in shares of NetSol Technologies during the 4th quarter worth approximately $28,000. 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.