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

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

NetSol Technologies Trading Up 2.1 %

NTWK stock opened at $2.97 on Tuesday. The business’s 50 day simple moving average is $2.74 and its 200 day simple moving average is $2.70. NetSol Technologies has a 1-year low of $1.75 and a 1-year high of $3.10. The firm has a market capitalization of $33.87 million, a PE ratio of -7.82 and a beta of 1.07.

NetSol Technologies (NASDAQ:NTWK) last released its quarterly earnings data on Monday, September 30th. The software maker reported ($0.01) EPS for the quarter. The company had revenue of $16.45 million during the quarter. NetSol Technologies had a negative net margin of 7.33% and a negative return on equity of 11.38%.

Institutional Investors Weigh In On NetSol Technologies

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

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.