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

StockNews.com began coverage on shares of NetSol Technologies (NASDAQ:NTWK) in a research note released on Thursday morning. The firm issued 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 note on Tuesday, February 13th.

NetSol Technologies Stock Down 3.8 %

Shares of NTWK stock opened at $2.55 on Thursday. The business has a fifty day simple moving average of $2.79 and a 200 day simple moving average of $2.39. The company has a market cap of $29.07 million, a P/E ratio of -14.17 and a beta of 1.12. NetSol Technologies has a twelve month low of $1.72 and a twelve month high of $3.05.

NetSol Technologies (NASDAQ:NTWK) last announced its quarterly earnings results on Tuesday, February 13th. The software maker reported $0.04 earnings per share (EPS) for the quarter. The company had revenue of $15.24 million for 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 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 owns 20,736 shares in the company, valued at $59,719.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 11.71% of the company’s stock.

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.