StockNews.com Initiates Coverage on NetSol Technologies (NASDAQ:NTWK)

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

NetSol Technologies Stock Up 0.7 %

NTWK opened at $2.90 on Friday. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.02. The company has a market cap of $33.15 million, a P/E ratio of 48.34 and a beta of 1.07. NetSol Technologies has a 12 month low of $1.81 and a 12 month high of $3.34. The business’s 50-day moving average price is $2.91 and its 200-day moving average price is $2.75.

NetSol Technologies (NASDAQ:NTWK) last posted its quarterly earnings data on Monday, September 30th. The software maker reported ($0.01) earnings per share for the quarter. NetSol Technologies had a net margin of 1.11% and a return on equity of 1.77%. The firm had revenue of $16.45 million for the quarter.

Institutional Investors Weigh In On NetSol Technologies

A hedge fund recently raised its stake in NetSol Technologies stock. Perritt Capital Management Inc. raised its stake in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 62.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,639 shares of the software maker’s stock after purchasing an additional 7,900 shares during the period. Perritt Capital Management Inc. owned 0.18% of NetSol Technologies worth $57,000 as of its most recent filing with the Securities & Exchange Commission. 16.02% of the stock is currently owned by hedge funds and other institutional investors.

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.