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

Equities researchers at StockNews.com assumed coverage on shares of NetSol Technologies (NASDAQ:NTWKGet Free Report) in a research report issued on Thursday. The brokerage set a “buy” rating on the software maker’s stock.

NetSol Technologies Price Performance

Shares of NASDAQ NTWK opened at $2.55 on Thursday. The company’s 50 day simple moving average is $2.61 and its 200 day simple moving average is $2.55. NetSol Technologies has a fifty-two week low of $1.72 and a fifty-two week high of $3.05. The firm has a market capitalization of $29.07 million, a P/E ratio of -6.71 and a beta of 1.07.

NetSol Technologies (NASDAQ:NTWKGet Free Report) last announced its quarterly earnings data on Monday, May 20th. The software maker reported $0.03 earnings per share for the quarter. NetSol Technologies had a negative net margin of 7.33% and a negative return on equity of 11.38%. The business had revenue of $15.47 million for the quarter.

Hedge Funds Weigh In On NetSol Technologies

An institutional investor recently raised its position in NetSol Technologies stock. Perritt Capital Management Inc. raised its position in NetSol Technologies, Inc. (NASDAQ:NTWKFree Report) by 62.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,639 shares of the software maker’s stock after purchasing an additional 7,900 shares during the period. Perritt Capital Management Inc. owned approximately 0.18% of NetSol Technologies worth $57,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 16.02% of the company’s stock.

About NetSol Technologies

(Get Free Report)

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.

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