NetSol Technologies (NASDAQ:NTWK) Coverage Initiated by Analysts at StockNews.com

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

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

NetSol Technologies Price Performance

NASDAQ:NTWK opened at $2.59 on Friday. NetSol Technologies has a 1 year low of $1.72 and a 1 year high of $3.05. The stock’s fifty day moving average price is $2.77 and its two-hundred day moving average price is $2.40. The company has a market cap of $29.53 million, a P/E ratio of -14.39 and a beta of 1.12.

NetSol Technologies (NASDAQ:NTWK) last issued its 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 return on equity of 5.47% and a negative net margin of 3.68%.

Insiders Place Their Bets

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

About NetSol Technologies

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.