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

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

NetSol Technologies Stock Down 2.2 %

Shares of NASDAQ:NTWK opened at $2.63 on Friday. The company’s 50-day moving average price is $2.60 and its 200 day moving average price is $2.58. The company has a market cap of $29.98 million, a PE ratio of -6.92 and a beta of 1.10. NetSol Technologies has a fifty-two week low of $1.72 and a fifty-two week high of $3.05.

NetSol Technologies (NASDAQ:NTWK) last released its quarterly earnings results on Monday, May 20th. The software maker reported $0.03 earnings per share for the quarter. NetSol Technologies had a negative return on equity of 11.38% and a negative net margin of 7.33%. The company had revenue of $15.47 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in NetSol Technologies stock. Perritt Capital Management Inc. increased its stake in NetSol Technologies, Inc. (NASDAQ:NTWK) by 62.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,639 shares of the software maker’s stock after purchasing an additional 7,900 shares during the quarter. Perritt Capital Management Inc. owned about 0.18% of NetSol Technologies worth $57,000 at the end of the most recent quarter. 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.