NetSol Technologies (NASDAQ:NTWK) Receives New Coverage from Analysts at StockNews.com

Analysts at StockNews.com began coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a report issued on Tuesday. The brokerage set a “buy” rating on the software maker’s stock.

Separately, TheStreet upgraded shares of NetSol Technologies from a “d” rating to a “c-” rating in a report on Tuesday, February 13th.

NetSol Technologies Stock Down 1.5 %

NTWK opened at $2.65 on Tuesday. NetSol Technologies has a twelve month low of $1.72 and a twelve month high of $3.05. The company has a fifty day moving average of $2.78 and a 200-day moving average of $2.32. The stock has a market cap of $30.18 million, a PE ratio of -14.72 and a beta of 1.13.

NetSol Technologies (NASDAQ:NTWK) last posted its quarterly earnings results on Tuesday, February 13th. The software maker reported $0.04 EPS for the quarter. The business had revenue of $15.24 million during the quarter. NetSol Technologies had a negative net margin of 3.68% and a negative return on equity of 5.47%.

Insiders Place Their Bets

In other news, CFO Roger Kent Almond sold 9,264 shares of NetSol Technologies stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $2.88, for a total transaction of $26,680.32. Following the completion of the transaction, the chief financial officer now directly owns 20,736 shares in the company, valued at $59,719.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 11.71% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in NetSol Technologies stock. Vanguard Group Inc. grew its holdings in shares of NetSol Technologies, Inc. (NASDAQ:NTWK) by 9.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 649,497 shares of the software maker’s stock after buying an additional 57,003 shares during the quarter. Vanguard Group Inc. owned 5.71% of NetSol Technologies worth $1,176,000 at the end of the most recent reporting period. 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.