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

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

NetSol Technologies Stock Performance

Shares of NTWK stock opened at $2.00 on Wednesday. The stock’s fifty day moving average is $2.00 and its two-hundred day moving average is $2.19. The firm has a market capitalization of $22.70 million, a P/E ratio of -4.26 and a beta of 0.93. NetSol Technologies has a fifty-two week low of $1.72 and a fifty-two week high of $3.30.

NetSol Technologies (NASDAQ:NTWK) last posted its quarterly earnings results on Friday, September 22nd. The software maker reported ($0.45) earnings per share for the quarter. The business had revenue of $13.79 million during the quarter. NetSol Technologies had a negative return on equity of 12.45% and a negative net margin of 10.01%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in NetSol Technologies stock. EA Series Trust acquired a new position in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 33,296 shares of the software maker’s stock, valued at approximately $79,000. EA Series Trust owned approximately 0.29% of NetSol Technologies as of its most recent filing with the Securities & Exchange Commission. 24.81% of the stock is owned by 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.