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

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

NetSol Technologies Price Performance

NASDAQ:NTWK opened at $2.92 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.99 and a quick ratio of 1.99. NetSol Technologies has a one year low of $1.93 and a one year high of $3.34. The company has a fifty day moving average price of $2.95 and a 200 day moving average price of $2.76. The stock has a market cap of $33.38 million, a P/E ratio of 49.67 and a beta of 1.07.

NetSol Technologies (NASDAQ:NTWK) last released its earnings results 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 company had revenue of $16.45 million during the quarter.

Institutional Trading of NetSol Technologies

An institutional investor recently raised its position in NetSol Technologies stock. Perritt Capital Management Inc. increased its position in NetSol Technologies, Inc. (NASDAQ:NTWK) by 62.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). 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 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 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.