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

StockNews.com began coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a research report sent to investors on Wednesday. The firm issued a buy rating on the software maker’s stock.

NetSol Technologies Stock Up 3.5 %

NetSol Technologies stock opened at $2.69 on Wednesday. The stock’s 50 day moving average price is $2.67 and its 200 day moving average price is $2.79. NetSol Technologies has a 1-year low of $2.06 and a 1-year high of $3.34. The company has a market cap of $30.87 million, a PE ratio of 38.43 and a beta of 1.06. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.08 and a quick ratio of 2.08.

Institutional Trading of NetSol Technologies

A hedge fund recently raised its stake in NetSol Technologies stock. Geode Capital Management LLC grew its stake in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 7.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 83,386 shares of the software maker’s stock after acquiring an additional 5,882 shares during the period. Geode Capital Management LLC owned about 0.73% of NetSol Technologies worth $238,000 at the end of the most recent reporting period. Institutional investors 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.