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

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

NetSol Technologies Trading Up 1.6 %

Shares of NASDAQ NTWK opened at $2.60 on Friday. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.01. NetSol Technologies has a 12 month low of $1.99 and a 12 month high of $3.34. The company has a market cap of $29.84 million, a price-to-earnings ratio of 37.14 and a beta of 1.06. The business has a fifty day simple moving average of $2.77 and a 200-day simple moving average of $2.78.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in NetSol Technologies stock. Geode Capital Management LLC increased its position in NetSol Technologies, Inc. (NASDAQ:NTWK) by 7.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 83,386 shares of the software maker’s stock after purchasing 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. Hedge funds and other 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.